Montanaro European Smaller Companies (MTE) has built up an enviable track record by backing high-quality growing companies for the long-term. In recent months, fears of interest rate increases (in response to rising inflation) have triggered a sharp reversal of sentiment towards ‘growth’ stocks. The war in Ukraine has made investors more risk averse, and some have sought safety in large cap stocks. MTE’s shares have moved from trading at a small premium relative to net asset value (NAV) to tradi...
Montanaro European Smaller Companies (MTE) has built up an enviable track record by backing high-quality growing companies for the long-term. In recent months, fears of rate increases (in response to rising inflation) have triggered a sharp reversal of sentiment towards growth stocks. The Ukrainian war has made investors more risk averse, and some have sought safety in large cap stocks. MTE’s shares have moved from trading at a small premium to trading on a single-digit discount.What we will not...
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