European Smaller Companies trust increases share price by 19.5%

European Smaller Companies trust increases share price by 19.5%

The European Smaller Companies trust increased its net asset value by 12% and share price by 19.5% in the financial year to 30 June 2024, outperforming the sector. Despite the company’s leap in share price, the trust continues to trade at a 10.8% discount, according to the Association of Investment Companies. Yet the European Smaller Companies trust has outperformed its sector and benchmark on a one, three, five, and 10-year basis. In the past …

European Smaller Companies Trust reports decent results - QuotedData

The European Smaller Companies Trust has published results covering the 12 months ended 30 June 2024. The NAV total return of 12.0% was 1.9% ahead of the benchmark MSCI Europe ex UK Small Cap Index. The share price total return was 19.5%, reflecting a narrowing of the discount. The company repurchased a total of 6.4m …