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Contact details

201 Bishopsgate, London, EC2M 3AE
0845 608 8703 (Dealing)
0800 832 832 (Main Number)

Fund managers

* Ollie Beckett»01-Jul-2011 to Present
Stephen Peak»01-Jan-1990 to 30-Jun-2011

Investment objectives

The Company’s objective is to achieve capital growth, aiming for a net asset value total return greater than the benchmark, which is a blend of 50% of the return of the HSBC Smaller Europe (ex UK) Index and 50% of the return of the S&P/Citigroup EMI Europe (ex UK) Index (both expressed in sterling) by investing predominantly in smaller and medium sized companies in Europe (excluding UK).

Key Information

Fund vs sector

  1y 3y
Position 2 / 4 2 / 4
Quartile 2 2

Fund ratings

FE Crown Rating: 3 FE
Crown Rating


  1y 3y
Volatility 11.40 19.54
Alpha 3.87 -0.40
Beta 1.05 1.23
Sharpe -0.01 0.99
InfoRatio 0.78 0.41
R2 0.84 0.88
Quartiles:   1  2   3  4   help with ratios
vs. European Smaller Companies»


performance chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
-2.8 +104.3 +47.9 +62.0 +29.7 -33.0 +8.1
  NAV +0.7+82.9+48.5+39.9 +29.7-30.3+16.6
  European Smaller Companies -4.9+75.7+69.8+45.7+26.8-19.7+20.4
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf TR EUROPEAN GROWTH TRUST PLC UNIT 513.50 (p) 19-Dec-2014 -11.57 584.65 582.60
113 1.27 1.27
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
TR EUROPEAN GROWTH TRUST PLC UNIT LONDON 13 49,976,000 258.38 n/a n/a company announcements
Share identifiers: TIDM: TRG; SEDOL: 0906692; ISIN: GB0009066928
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Gross assets£330.9m / $516.7m
Sector European Smaller Companies
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly
Annual accountsannual (Click to order)
Last report / accounts16-Oct-2014
Last AGM17-Nov-2014
Next AGMNovember 2013
Stockbroker(s)Winterflood Investment Trusts
Management contractHenderson will provide investment management, accounting, company secretarial and general management services for an annual charge of 0.5% of its total net assets. At Hendersons request, the termination period has been reduced from one year to six months. The notice period of termination can be reduced to three months if shareholders vote to wind up the Company at one of the regular continuation votes. A performance fee has been accrued on a full year effect of rewarding the Manager, under the terms of the Management Agreement, for outperformance achieved in the first six months of the respective performance fee period. The performance fee is set at 15% of the outperformance, subject to the total management fee and performance fee not exceeding 2.4% of the income inclusive net asset value of the Company as at close of business on the last day of the accounting period ending June 2006.
Borrowing limitBorrowing must not exceed adjusted capital & reserves.
Continuation / Wind-up provisionShareholders voted to continue as a Company at the EGM on 20/04/2005. Shareholders will next consider the continuation of the Company at the AGM of the Company to be held on 2010. The Company has the authority to buyback up to 14.99% of its issued share capital. The Board seeks to limit the discount to NAV at which the Company's shares trade at a level significantly below 6.5%. Should the average discount exceed this amount for a certain period, the Company will offer to repurchase shares or tender up to 10% of shares. At the EGM held on 02-Nov-09 the resolution to authorise the Company to buy back up to 6,447,585 Ords in connection with a tender offer was approved.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Europe Ex UK Equity Mixed European Smaller Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Holding (%) Rank
Regional weightings, 31-Oct-2014
Region (%) Rank  
Germany 23.00 1 23.00% Germany
Others 14.90 2 14.90% Others
France 12.30 3 12.30% France
Italy 11.30 4 11.30% Italy
Switzerland 10.30 5 10.30% Switzerland
Netherlands 7.00 6 7.00% Netherlands
Finland 5.20 7 5.20% Finland
Spain 4.80 8 4.80% Spain
Austria 4.00 9 4.00% Austria
Norway 3.90 10 3.90% Norway
Belgium 3.30 11 3.30% Belgium

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

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UBS ETF EMUGBA ?: Net Asset Value(s)

02:15 PM | 19-Dec-2014

Latest Fundswire  

Asset allocation

German Equities, 23.00%
23.0000% ofGerman Equities
International Equities, 14.90%
14.9000% ofInternational Equities
French Equities, 12.30%
12.3000% ofFrench Equities
Italian Equities, 11.30%
11.3000% ofItalian Equities
Swiss Equities, 10.30%
10.3000% ofSwiss Equities
Dutch Equities, 7.00%
7.0000% ofDutch Equities
Finnish Equities, 5.20%
5.2000% ofFinnish Equities
Spanish Equities, 4.80%
4.8000% ofSpanish Equities
Austrian Equities, 4.00%
4.0000% ofAustrian Equities
Norwegian Equities, 3.90%
3.9000% ofNorwegian Equities
Belgian Equities, 3.30%
3.3000% ofBelgian Equities

Sector analysis


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