reports
- Pedro Fonseca
The European Smaller Companies Trust - Termination of coverage
Edison Investment Research is terminating coverage on The European Smaller Companies Trust (ESCT). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
Edison issues update on The European Smaller Companies Trust (ESCT): T...
Edison Investment Research Limited Edison issues update on The European Smaller Companies Trust (ESCT): Top of the peer group over short and long term. 21-Nov-2023 / 17:12 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 21 November 2023 Edison issues update on The European Smaller Companies Trust (ESCT): Top of the peer group over short and long term The European Smaller Companies Trust’s (ESCT’s) manager, Ollie Beckett at Janus Hendersons Investors (JHI), remains very positive about the outlook for European small-cap companies, ...
- Pedro Fonseca
The European Smaller Companies Trust - Top of the peer group over shor...
The European Smaller Companies Trust’s (ESCT’s) manager, Ollie Beckett at Janus Hendersons Investors (JHI), remains very positive about the outlook for European small-cap companies, which is reflected in a relatively high level of gearing of c 15%. He considers the last three years, where small-cap stocks have lagged the performance of large-cap equities, an anomaly and a result of macroeconomic events and recession fears, which have led to elevated investor risk aversion. The manager believes t...
- Pedro Fonseca
The European Smaller Companies Trust - An attractive entry point to a ...
In contrast to many industry participants, The European Smaller Companies Trust’s (ESCT’s) manager, Ollie Beckett, is positive about the prospects for European small-cap companies as he believes that low valuations discount a recession. Although small-cap equities have outperformed large caps in Europe over the long term, unusually, small caps are currently in their third consecutive year of underperformance in anticipation of an economic downturn. The trust’s cyclical bias and a double-digit sh...
- Pedro Fonseca
The European Smaller Companies Trust - It is always darkest before the...
In our last note on The European Smaller Companies Trust (ESCT) (Does what it says on the tin), we communicated to investors fund manager Ollie Beckett’s market views and how this has affected the fund’s positioning. In this note we update investors on Beckett’s latest thinking and why he feels that, despite all of the negativity and volatility, European smaller companies and ESCT particularly are well placed to deliver long-term growth for investors.
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