The European Investment Trust (EUT) aims to generate long-term capital growth from a diversified portfolio of European equities. Since August 2016, EUT has been managed by Craig Armour, who follows the disciplined Edinburgh Partners valuation-driven investment process, aiming to buy stocks that are trading on a five-year P/E multiple (Y5 P/E) of less than 11x. The manager is currently more cautious on the outlook for continental European equities as EUT’s portfolio Y5 P/E is towards the
06 Jun 2017
European Investment Trust (The) - Improving performance under new lead manager
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European Investment Trust (The) - Improving performance under new lead manager
Baillie Gifford European Growth Trust PLC GBP (BGEU:LON) | 0 0 (-0.2%) | Mkt Cap: 310.5m
- Published:
06 Jun 2017 -
Author:
Mel Jenner -
Pages:
8
The European Investment Trust (EUT) aims to generate long-term capital growth from a diversified portfolio of European equities. Since August 2016, EUT has been managed by Craig Armour, who follows the disciplined Edinburgh Partners valuation-driven investment process, aiming to buy stocks that are trading on a five-year P/E multiple (Y5 P/E) of less than 11x. The manager is currently more cautious on the outlook for continental European equities as EUT’s portfolio Y5 P/E is towards the