Overview
Baillie Gifford European Growth Trust (formerly European Investment Trust : EUT) aims to achieve capital growth over the long term from a diversified portfolio of European securities.
The trust’s portfolio is constructed without any reference to the index and will not replicate it. The majority of the portfolio will be held in listed European equities however, up to 10% of total assets, as measured at the time of initial investment, can be invested in unlisted investments. The portfolio is managed for capital growth and any dividends paid to shareholders will be the minimum permissible to maintain investment trust status and be by way of a single annual payment.
QuotedData’s James Carthew wrote an article at the time Baillie Gifford werre awarded the management contract which can be accessed here
The website can be found here.
Fundamentals
Price
Research History
-
05 Feb 2021 2 min read
QuotedData’s Round the World Webinar series – Europe day playback
On 3rd February 2021, QuotedData hosted the first of four Round the World webinars. This webinar was focused on Europe and included presentations and Q&As from 3 investment companies’ managers, covering markets across Europe. We would like to thank all of our speakers and attendees for joining us. Click on the links below to watch the […]
-
04 Feb 2021 5 min read
QuotedData’s Round the World Webinar series – Europe day playback
On 3rd February 2021, QuotedData hosted the first of four Round the World webinars. This webinar was focused on Europe and included presentations and Q&As from 4 investment companies’ managers, covering markets across Europe. We would like to thank all of our speakers and attendees for joining us. Click on the links below to watch the […]
-
15 Oct 2020 3 min read
QuotedData’s Growth Strategies Conference – playback
On the 14th October 2020 we hosted our Growth Strategies Conference webinar. The event showcased 4 investment trust managers investing across a range of investment themes with an overriding focus on growth. We would like to thank all our speakers and our attendees for joining us. Click below to watch the individual managers’ presentations – […]
-
08 Jun 2020 10 min read
QuotedData’s Investment Companies Roundup – June 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over May: GCP Infrastructure – […]
-
26 May 2020 2 min read
Growth strategies webinar
On Thursday 21st May we held our Growth Strategies webinar which showcased Baillie Gifford European Growth Trust, Fundsmith Emerging Equities Trust and Schroder Japan Growth Fund. The event is a pre-cursor to our postponed Growth Strategies conference which will now be held on 14th October 2020. Stephen Paice of Baillie Gifford, Michael O’Brien of Fundsmith […]
-
17 Apr 2020 12 min read
QuotedData’s Investment Companies Quarterly Review – First Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research The legal bit Unprecedented times We have knitted […]
-
10 Mar 2020 10 min read
QuotedData’s Investment Companies Roundup – March 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over February: An initiation note on Montanaro UK Smaller Companies Trust (MTU) […]
-
07 Jun 2019 4 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
-
19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
-
11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
14 Jun 2017 2 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
-
07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
-
27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
News
-
02 Feb 2021 1 min read
QuotedData’s Round the World Webinar series – Europe day 3 February 2021
QuotedData will be hosting a Round the World webinar series each Wednesday in February. Each weekly event will include 3 – 4 managers focused on a specific region of the world who will present their companies and answer your questions. It starts tomorrow with the following line up. Week 1 – 3rd February – Europe, including managers […]
-
30 Nov 2020 2 min read
QuotedData’s morning briefing 30 November 2020
In QuotedData’s morning briefing 30 November 2020: The Renewables Infrastructure Group raised £200m from its placing last week, and plans to issue 160m shares. The issue was oversubscribed. Technically, it might still not happen as the issue was done on the expectation that shareholders approve the issue of these shares at an EGM to be held […]
-
22 May 2020 3 min read
It’s not the economy, stupid
Yesterday, Stephen Paice, co-manager of Baillie Gifford European Growth Trust, was one of the presenters at a webinar we held for professional investors centred on funds that have adopted a growth style of investing. Stephen was asked a few times yesterday about the macroeconomic influences on his portfolio – interest rates, inflation rates, trade wars […]
-
18 May 2020 2 min read
Baillie Gifford European Growth reports first results since change of management
Baillie Gifford European Growth (BGEU) has posted interim results to 31 March 2020. Over the six month period, the company’s NAV total return was (10.0)% compared to a total return of (17.0)% for the FTSE Europe ex UK index, in sterling terms. The share price total return for the same period was (0.9)%. Over the four […]
-
03 Feb 2020 2 min read
Surprise oversubscribe for BG European tender
Surprise oversubscribe for BG European tender – As part of the process of taking on the management of European Investment Trust, Baillie Gifford agreed to hold a tender to allow shareholders that did not want to remain in the trust an exit. In the event 21,528,812 ordinary shares, approximately 53.5% of the issued share capital, were […]
-
28 Nov 2019 3 min read
European Trust results show why it moved manager
European Trust results show why it moved manager – European Trust, which recently appointed Baillie Gifford as its manager, has just published results covering the year ended 30 September 2019. They make for grim reading – over the period the trust returned -4.6% in NAV terms and -7.6% in share price terms. This compares to […]
-
10 Oct 2019 4 min read
Baillie Gifford wins European Trust
Baillie Gifford wins European Trust – The board of The European Investment Trust has entered into heads of terms to appoint Baillie Gifford & Co Limited as the company’s new AIFM, company secretary and administrator. The company has given notice to terminate the appointment of Edinburgh Partners. The decision came after an extended run of poor […]
-
23 May 2019 2 min read
QuotedData’s other news 23 May 2019
Ecofin Global Utilities and Infrastructure interims show an 8.5% return on NAV for the six months ended 31 March 2019. Dividends of 3.23p were declared and the discount has narrowed so that, on 20 May 2019, it stood at 11.3% (still wider than it would like). Hg Capital‘s share split – ten shares in exchange […]
-
29 Nov 2018 3 min read
European Investment Trust underperforms compared to Index
European Investment Trust underperforms compared to Index- European Investment Trust plc (EUT) NAV total return for the year was -2.1% compared to the FTSE All-World Europe ex UK Index whose NAV for the year was 2.4%. Last year’s NAV was 29.9% which beat the benchmark last year by 7.3%. The share price discount to NAV […]
-
17 Jan 2018 1 min read
Franklin Templeton snaps up Edinburgh Partners
Franklin Templeton Investments has announced that it has agreed, subject to the necessary regulatory approvals, to acquire Edinburgh Partners. Edinburgh Partners is an independent fund management house that is headed up by Dr. Sandy Nairn, a former Franklin manager. Dr. Nairn spent ten years at franklin Templeton, between 1990 and 2000, as an executive vice […]
-
30 Nov 2017 4 min read
European Investment Trust rebounds with 30% return
European Investment Trust rebounds with 30% return – European Investment Trust says that, for the year ended 30 September 2017, its net asset value total return was 29.9%, compared with 22.6% for the All-World Europe ex UK Index. This outperformance was welcome after a period of underperformance last year. The discount narrowed from 13.4% to 12.3% leading to a share price […]
-
30 Nov 2016 3 min read
European Trust underperforms as value style remains out of favour
Over the year to 30 September 2016, European Investment Trust’s NAV per share increased by 12.3% from 742.2p to 833.8p. After taking account of dividends paid in the year of 16.0p per share, the NAV total return was 14.9%. This compares with the total return of 21.8% from the fund’s benchmark. The share price increased by 7.4% […]
-
26 Aug 2016 1 min read
New manager for The European Investment Trust
The Board of The European Investment Trust plc announces that Edinburgh Partners has appointed Craig Armour as portfolio manager for the Company in succession to Dale Robertson. Craig joined Edinburgh Partners in 2009. He is an Investment Partner and is responsible for managing several European equity portfolios. Prior to joining Edinburgh Partners he had a […]
-
27 May 2016 2 min read
European IT’s managers say market’s focus on stable growth has driven underperformance
The European Investment Trust has announced its interim results for the year ended 31 March 2016. During the period, the trust provided an NAV total return of 2.2%, thereby underperforming FTSE All-World Europe ex UK Index, which returned 6.9% in sterling total return terms. The managers say that, in their view, the underperformance reflects a […]
-
26 Nov 2015 5 min read
European Investment Trust has a difficult year
The European Investment Trust, managed by Edinburgh Partners, has released its annual results for the year ended 30 September 2015. The board describe the period as a more challenging one for investing in European equities, during which, the NAV per share of the trust fell by 7.3% from 800.41p to 742.20p. After taking account of dividends […]
-
28 Nov 2014 1 min read
European Inv Trust takes defensive stance
EUT : European Inv Trust takes defensive stance European Investment Trust beat its benchmark, the FTSE World Europe ex UK Index, by 1.1% in total return terms over the year that ended on 30 September 2014, producing a return on net assets of 6.4%. Furthermore the discount narrowed from 10.9% to 6.5% and so the […]
-
21 May 2014 1 min read
European Investment Trust : EUT – interims
European Investment Trust has published figures for the half year ended 31 March 2014 that show the net asset value total return for the period was 13.9% – some way ahead of the FTSE All-World Europe ex UK Index which returned 7.7%. the discount narrowed from 10.9% to 9.7% so the share price did even […]
-
14 Dec 2013 1 min read
Miton Worldwide Growth : MWGT
Half year results to 31 October 2013 show an NAV uplift of 6.5% and an increase in the share price of 5.6%. MWGT’s benchmark is the return on Sterling LIBOR +2% (equal to 1.3% over the period – so MWGT comfortably outperformed its benchmark). MWGT’s return lagged that of the FTSE All-Share and MSCI World Indices […]
Upcoming Events
Videos
In The Press
-
07 Dec 2020 1 min read
Investment trust insider on Baillie Gifford European
Investment trust insider on Baillie Gifford European – James Carthew: great start at Baillie Gifford European Growth About a year ago, I wrote an article on Baillie Gifford European Growth (BGEU) just as the new management team was preparing to get hold of the former European (EUT) portfolio after its manager Edinburgh Partners was dismissed. The revamped trust has got […]
-
16 Oct 2020 1 min read
Baillie Gifford backs Swedish battery cell maker
Baillie Gifford backs Swedish battery cell maker as European Growth trust makes first private investment Northvolt founded by Tesla alumni David Brenchley, Investment Week, 14 October 2020 Baillie Gifford’s investment into battery cell supplier Northvolt has become its European Growth Trust’s first foray into unlisted stocks, manager Stephen Paice has revealed. The Edinburgh-based firm was […]
-
04 Feb 2020 2 min read
Baillie Gifford ‘still has work to do’ to win over European Growth Trust investors
Baillie Gifford ‘still has work to do’ to win over European Growth Trust investors Oversubscribed tender offer Investment Week, David Brenchley, 04 February 2020 Baillie Gifford still has a lot of work to do to win over investors in its European Growth Trust, according to analysts, after more than half of its shareholder base said […]
-
27 Nov 2019 2 min read
Investment trust insider on Baillie Gifford European
Investment trust insider on Baillie Gifford European – James Carthew: why I like the look of the revamped European Baillie Gifford’s stable of investment companies has expanded in recent years. Last week I met the managers of its latest addition, European Investment Trust (EUT), which is shortly to be renamed Baillie Gifford European Growth (BGEU) when […]
-
15 Oct 2019 2 min read
Investment trust insider on changing managers
Investment trust insider on changing managers – James Carthew: when fund managers just have to go Over the past few weeks, we have seen a rush of boards removing or threatening to remove fund managers. I have said many times in the past that this is one of the great strengths of the investment trust model. […]
