European Assets Trust PLC Edison issues update on European Assets Trust
March 10 2023 - 2:00AM
RNS Non-Regulatory
TIDMEAT
European Assets Trust PLC
10 March 2023
London, UK, 10 March 2023
Edison issues update on European Assets Trust (EAT)
In times of economic stress or extreme investor risk aversion,
small-cap stocks are frequently indiscriminately sold down by
investors, which has created significant headwinds for European
Assets Trust (EAT) over the past 12 months. Factors like stock
market volatility created by the war in Ukraine and associated
secondary effects such as supply chain disruption, lower economic
growth, higher inflation and more hawkish central bank activity
have contributed to weak investor sentiment towards European
small-cap stocks. Also, the rotation away from long-duration growth
assets has presented seismic challenges for managers regardless of
asset class, but especially for European smaller companies. In our
November 2022 update on EAT, we made the case for backing the
experienced management duo, and continue to believe that once
markets focus on the fundamentals of the innovation, growth and
cheapness in the market, EAT and European smaller companies are
well placed to outperform again.
It is heartening to see the tangible results of the investment
team integration between BMO Financial Group and Columbia
Threadneedle Investments (CTI) on the portfolio, with several new
holdings initiated as a result of the greater investment resource
available to fund managers Sam Cosh and Lucy Morris and the
collaboration between the teams.
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