European Investment Trust (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.£385.8m
Last close918.50p
High / Low (52 weeks)958.0p / 760.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

BlackRock Greater Europe Investment Trust Plc - Statement re Tender Price

Fri, 01 Dec 2017 12:06:15 GMT

Investment Trust Watch: Europe's soaring trusts

Fri, 30 Jun 2017 13:40:12 GMT

Revealed: Winners of the What Investment Trust awards 2017

Wed, 31 May 2017 08:46:27 GMT

Investment Trust Review: Best and worst performing sectors 2016

Fri, 27 Jan 2017 11:03:45 GMT

What Investment Trust Awards 2017: Shortlist revealed

Thu, 04 May 2017 10:41:15 GMT

Investment summary

The European Investment Trust (EUT) has been managed by Edinburgh Partners (EP) since 2010. Lead manager Craig Armour employs EP’s strict valuation-driven investment process, aiming to generate long-term capital growth from a diversified portfolio of continental European equities. Following a period of outsized equity returns, Armour says that investors will once again pay more attention to individual company fundamentals and valuations. Since July 2017, EUT pays semi-annual, rather than annual dividends. While the focus is on capital rather than income growth, the ordinary distribution has increased every year since 2009. EUT’s current yield, including indicated and special dividends, is 2.5%.

Last updated on 07/12/2017

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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