Edison Investment Research - Baillie Gifford European Growth Trust (EUITF) European Investment Trust (The) - Maintaining disciplined valuation-based approach

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Edison Investment Research

Mel Jenner

European Investment Trust (The) - Maintaining disciplined valuation-based approach

The European Investment Trust (EUT) has been managed by Edinburgh Partners (EP) since 2010. Lead manager Craig Armour employs EPâ€™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. EUTâ€™s current yield, including indicated and special dividends, is 2.5%.

07/12/2017 8 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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European Investment Trust (The) - Maintaining disciplined valuation-based approach

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

Ocean Wilsons Holdings - Confirmation of interest in Wilson Sons holding

IP Group - Record exit underpinning the NAV

Centaur Media - Tough trading backdrop persists in H2

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