Report
James Carthew

Impressive returns in difficult market

Montanaro European Smaller Companies (MTE) has generated impressive returns for investors over the past year and has outperformed its benchmark in four of the past five 12-month periods. The trust is ahead of both its benchmark and its peer group average by more than 80 percentage points over the five years ended 30 September 2020 (see page 11 for more detail on performance). The manager’s focus on high-quality and growing companies positioned MTE well when COVID-19 hit markets earlier this year. The portfolio includes many innovative and promising businesses, some of which are beneficiaries of the shift to home working and investment in healthcare that the pandemic has fostered.

Underlying
Montanaro European Smaller C.Tst

Montanaro European Smaller Companies Trust is an investment company. Co.'s investment objective is to attain capital growth by investing principally in Continental European quoted smaller companies. Co.'s benchmark index is the MSCI Europe SmallCap (ex U.K.) Index (in sterling terms).

Provider
QuotedData Retail
QuotedData Retail

​QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments. 

Analysts
James Carthew

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