Share price (p)

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812

.00

Objective

To achieve attractive investment returns over the long term from a diversified portfolio of European securities.

The Company is a UK-listed investment trust, with an independent Board of Directors. It believes that investment in the diverse and increasingly accessible markets of Europe provides opportunities for capital growth over the long term.

Winner of the AIC Best Factsheet Award 2019

Watch Portfolio Manager Craig Armour talk about:

The Company’s objective

Watch Portfolio Manager Craig Armour talk about:

The Company’s objective

Highlights

Here is an overview of the key performance results as at 31 March 2019.

(10.2) %

Share price total return

1.2% in 2018
(7.7) %

NAV total return

(2.1)% in 2018
(3.6) %

Index total return

2.4% in 2018
12.3 %

Share price discount to NAV

9.6% in 2018
9.5 p

Interim dividend

9.0p in 2018
27.0 p

Total dividend

23.0p in 2017
39 Number of holdings

High conviction portfolio

40 in 2018
81 % Active share

Different from the index

80% in 2018
21 % Portfolio turnover

Long-term focus

23% in 2018
0.63 %

Ongoing charges

0.61% in 2018

The figures for 2019 are for the six months to/as at  31 March 2019, with the exception of portfolio turnover which is for the year to/as at 30 September 2018.

The figures for 2018 are for the year to/as at 30 September 2018.

The index is the FTSE All-World Europe ex UK Index in sterling. Index performance figures are calculated using total return figures sourced from Refinitiv Datastream.

Ongoing charges is based on total expenses, excluding finance costs and certain non-recurring items, for the period or year and average monthly net asset value.

The value of the shares and any income derived from them can fall as well as rise, and investors may not get back the full value of their investment.

Past performance is no guide to future performance.
Our performance can be viewed here.