Report

TR European Growth Trust - Making changes but keeping successful approach

TR European Growth Trust (TRG) is looking to attract a broader investor audience through a range of changes announced after a recent strategic review. The board hopes the change of name (due in January 2022) to The European Smaller Companies Trust will make TRG’s investment focus more explicit, while an eight-for-one share split (due on 13 December) should boost liquidity and help attract smaller regular savers on retail platforms. A reduction in the base management fee (already in place) will benefit existing as well as new investors, while a new benchmark (from 1 July 2022) is more of an administrative issue. The successful investment approach, mainly targeting capital growth from attractive but undervalued growth companies, as well as the management team led by Ollie Beckett at Janus Henderson Investors, remain unchanged.
Underlying
TR European Growth Trust PLC

TR European Growth Trust operates as an investment trust. Co. is focused on investing in smaller and medium sized companies. Investments may include shares, securities and related financial instruments, including derivatives. Co. has appointed Henderson Investment Funds Limited to act as its Alternative Investment Fund Manager.

Provider
Edison Investment Research
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
Pedro Fonseca

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