Edison Investment Research - Baillie Gifford European Growth Trust (EUITF) The European Investment Trust - Review of management arrangements

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Edison Investment Research

Mel Jenner

The European Investment Trust - Review of management arrangements

The European Investment Trust (EUT) is managed by Craig Armour at Edinburgh Partners. This company follows a strict value-based investment process, based on the philosophy that there is a stable relationship between expected share price total returns and a companyâ€™s current share price compared with its long-term earnings per share (see chart below). In recent years, global markets have been led by growth rather than value stocks, and EUTâ€™s investment performance has consequently lagged that of its benchmark FTSE All-World Europe ex-UK index. The board has announced that it is undertaking a review of EUTâ€™s management arrangements and will update shareholders in due course.

19/06/2019 9 EN

Underlying

Baillie Gifford European Growth Trust

European Investment Trust is an investment trust company. Co. invests in a portfolio of Continental European securities. Edinburgh Partners Limited is the Investment Manager of Co. Edinburgh Partners AIFM Limited is the Alternative Investment Fund Manager.

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GB0003295010 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Mel Jenner

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The European Investment Trust - Review of management arrangements

The European Investment Trust - Trade dispute weighing on investor sentiment

European Investment Trust (The) - Managing risk in a transition period

Norcros - Sale of Johnson Tiles UK agreed

Henderson Far East Income - Repositioning to raise total returns

Freelancer - AI to drive return to growth

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