TR European Growth trust (TRG)

Business description

TR European Growth Trust’s objective is to achieve capital growth by investing in smaller and medium-sized companies in Europe (ex-UK). It aims to achieve a net asset value total return in excess of the benchmark Euromoney Smaller Europe ex-UK index (in sterling terms).

Stock data

Market cap.£542.4m
Last close1,091.00p
High / Low (52 weeks)1091.0p / 590.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Spotlight on TR European Growth Trust

Fri, 09 May 2014 15:22:30 GMT

Private investor's diary: Onwards and upwards

Fri, 13 Jan 2017 07:42:45 GMT

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Thu, 09 Feb 2012 13:14:22 GMT

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Thu, 02 Jun 2011 03:37:29 GMT

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Fri, 27 Jan 2017 15:11:15 GMT

Investment summary

TR European Growth Trust (TRG) has enjoyed an exceptionally strong period of recent share price and NAV performance, posting gains of c 50% over 12 months to 30 April. While returns from all overseas investments have been boosted by the weakness of sterling since the UK’s Brexit referendum, TRG’s outperformance has been assisted by a focus on better-value cyclical stocks, and the decision of lead manager Ollie Beckett to increase gearing in the second half of 2016. The trust invests in European (ex-UK) smaller companies, with a particular focus on those at the lower end of the market cap spectrum, where both rewards and risks may be higher. Because of this, TRG has a longer stock list than peers. While the discount to NAV has narrowed somewhat, it remains at c 9% compared with an average of 0.7% for the investment company universe.

Last updated on 17/05/2017

Key management

Rory Stokes, Fund manager
Ollie Beckett, Fund manager

Company address

201 Bishopsgate
London
London
EC2M 3AE
United Kingdom
+442078181818
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