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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).

Diversified approach to small-cap Europe

Initiation | Investment Companies | 29/10/2015

TR European Growth Trust (TRG) is an established investment trust investing in small and mid-sized continental European companies. Managed by Ollie Beckett at Henderson Global Investors since July 2011 (assisted by Rory Stokes from 2013), its principal aim is to achieve capital growth, although it also has a long record of year-on-year dividend growth. TRG has a longer stock list than its peers, driven by its focus on companies further down the market capitalisation spectrum, where greater diversification may be advised. This focus on the smaller end of the market (as well as a small exposure to unquoted companies) means performance may diverge from that of the benchmark; the trust has outperformed the Euromoney Smaller Europe ex-UK index in four of the last five 12-month periods to 30 September in both NAV and share price total return terms.

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Stock data

Market cap.£437.2m
Last close872.500p
High / Low (52 weeks)1234.0p / 840.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

Price performance

%1m3m12m
Actual(2)(11.3)(24.3)
Relative *(0.9)(4.2)(20.1)

* % Relative to local index

Company news

TR European Growth Trust

Fri, 09 May 2014 15:22:30 GMT

TR European Growth Trust

Tue, 06 Mar 2018 13:43:31 GMT

TR European Growth Trust

Fri, 15 Dec 2017 16:41:15 GMT

TR European Growth Trust

Mon, 06 Nov 2017 11:48:45 GMT

TR European Growth Trust

Thu, 19 Jan 2017 13:18:45 GMT