RCS - European Assets Tst - Edison issues update on European Assets Trust

European Assets Trust

10/03/2023 07:00

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RNS Number : 4791S  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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research as it is published.

 

All reports published by Edison are available to download free of charge from
its website.

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

David Holder +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
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