European Investment Trust Plc (The) (EUT)

Business description

The European Investment Trust (EUT) aims to achieve long-term capital growth through a diversified portfolio of continental European securities. The trust was launched in 1972 and management was transferred to Edinburgh Partners on 1 February 2010 following a tender process. The manager follows a disciplined, long-term value approach. The trust has an indefinite life and is not subject to a periodic continuation vote.

Stock data

Market cap.£351m
Last close835.50p
High / Low (52 weeks)835.5p / 618.5p
Stock market listingLN, NZ
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Miton's Greenwood: There is only one European investment trust worth buying ...

Thu, 07 Aug 2014 12:22:30 GMT

Investment Trust Watch: Europe sell-off reignites

Fri, 27 May 2016 11:48:45 GMT

TR Property Investment Trust plc

Thu, 17 Mar 2016 11:03:45 GMT

Investment Trust Watch: Europe & Japan trusts shine

Fri, 23 Sep 2016 13:11:16 GMT

Alliance Trust - Brexit weakens performance, trust continues restructuring

Thu, 28 Jul 2016 14:37:30 GMT

Investment summary

The European Investment Trust (EUT) aims to provide long-term growth in capital from a diversified portfolio of European ex-UK equities. There has recently been a change in lead fund manager; however, Craig Armour follows the tried and tested Edinburgh Partners investment process, which aims to select stocks based on a five-year P/E multiple (Y5 P/E). Evidence suggests the best performing stocks have a Y5 P/E of less than 11x; EUT’s portfolio currently has an average Y5 P/E of c 9x. Although the primary focus is on capital growth rather than income, ordinary dividends have been maintained or increased since 2009; the current dividend yield (including a special dividend) of 2.1% is above the peer group average.

Last updated on 26/10/2016

Key management

Craig Armour, Fund manager
Kenneth Greig, Legal Director
Jamie Mackintosh, Client Service & Sales Partner

Company address

Beaufort House
51 New North Road
Exeter
EX4 4EP
United Kingdom
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