The European Investment Trust (EUT) focuses on continental European stocks expected to deliver superior returns based on five-year earnings forecasts. Performance has weakened over the last 12 months on market volatility and outperformance of growth stocks. However, the manager is sticking to a disciplined, valuation-driven process; expensive names have been reduced and the concentration in core ideas increased. Moreover, the trust moved from net cash to net gearing in February, towards the r
13 Jun 2016
Concentrating on long-term value
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Concentrating on long-term value
Baillie Gifford European Growth Trust PLC GBP (BGEU:LON) | 0 0 (-0.2%) | Mkt Cap: 310.5m
- Published:
13 Jun 2016 -
Author:
Rob Murphy -
Pages:
8
The European Investment Trust (EUT) focuses on continental European stocks expected to deliver superior returns based on five-year earnings forecasts. Performance has weakened over the last 12 months on market volatility and outperformance of growth stocks. However, the manager is sticking to a disciplined, valuation-driven process; expensive names have been reduced and the concentration in core ideas increased. Moreover, the trust moved from net cash to net gearing in February, towards the r