European Assets Trust (EAT)

Business description

EAT is an investment company incorporated in the Netherlands and listed on the LSE and Euronext. It targets capital growth through investment in quoted small- and medium-sized companies in Europe (ex-UK), taking the HSBC Europe (ex-UK) Smaller Companies Index as benchmark. A high distribution policy has been adopted; dividends have been paid from a combination of income and capital.

Stock data

Market cap.£421.6m
Last close1,270.00p
High / Low (52 weeks)1272.5p / 934.0p
Stock market listingLN, EU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

FLASH: European Assets Trust beats index

Fri, 03 May 2013 14:26:15 GMT

Europe: basket case or buying opportunity?

Thu, 08 Sep 2016 12:56:15 GMT

The Diary of a Private Investor: Why I sold an entire holding and bought back ...

Fri, 10 Jul 2015 06:12:08 GMT

BRIEF-European Assets Trust announces dividends of 0.7884 euro/share for year ...

Tue, 25 Apr 2017 06:45:00 GMT

The Diary of a Private Investor: Why I like investment trusts and think ...

Fri, 13 Feb 2015 17:34:35 GMT

Investment summary

European Assets Trust (EAT) aims to generate long-term capital growth from investment in European small- and mid-cap companies. It also has a high distribution policy; 6% of its euro-denominated NAV is paid out each year. Given the 9.4% discount to NAV, the current dividend yield is 7.8%. While EAT’s near-term performance has trailed the benchmark Euromoney Smaller Europe ex-UK index, exacerbated by the result of the UK’s European referendum, manager Sam Cosh states that his investment philosophy and process have not changed. He suggests that the process is robust and has been successful over the long term; areas of the portfolio that have been weak in the near term are expected to recover. EAT is currently running a net cash position of c 4%.

Last updated on 03/01/2017

Key management

Sam Cosh, Fund manager

Company address

Exchange House
Primrose Street
London
EC2A 2NY
United Kingdom
0207 628 8000
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