TR European Growth Trust (TRG) has seen its share price de-rate substantially over the past 18 months, from a c 3% premium to NAV to a c 15% discount, following a period in which its small-cap value style of investing has been out of favour with investors. However, its NAV has risen c 13% year to date, with lead manager Ollie Beckett taking advantage of depressed valuations in smaller European companies whose growth potential he believes is underappreciated by the wider market.
18 Jun 2019
TR European Growth Trust - Finding small-cap value opportunities
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
TR European Growth Trust - Finding small-cap value opportunities
European Smaller Companies Trust PLC (ESCT:LON) | 170 0 0.0% | Mkt Cap: 679.5m
- Published:
18 Jun 2019 -
Author:
Sarah Godfrey -
Pages:
10
TR European Growth Trust (TRG) has seen its share price de-rate substantially over the past 18 months, from a c 3% premium to NAV to a c 15% discount, following a period in which its small-cap value style of investing has been out of favour with investors. However, its NAV has risen c 13% year to date, with lead manager Ollie Beckett taking advantage of depressed valuations in smaller European companies whose growth potential he believes is underappreciated by the wider market.