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European Opportunities Trust

Bestinvest LogoA concentrated, pan-European equity trust with a quality growth style.

SELL

666p

BUY

666p

CHARGE PER TRADE

£4.95

TODAY'S CHANGE

-2.43%

OCF

0.99%

YIELD

0.3%

1 YEAR
-0.29%

Prices as at 24 Jun 2022.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

This trust targets long-term capital growth by investing in a focused portfolio of large and mid-cap European (inc UK) equities. Manager Alexander Darwall looks for “special” companies - those that offer superior, differentiated products or services and can deliver sustainable growth regardless of the economic backdrop. These businesses will typically be the beneficiaries of long-term global trends such as population growth. He most commonly finds such companies in the media, technology, industrials and health care sectors.The manager sometimes uses gearing, depending on market opportunities.

Fund summary

SectorEurope
StructureINVESTMENT TRUST
LaunchedNovember 2000
Size£765m
Yield0.3%
Charging BasisCapital
Dividends paidDec

Charges

Annual Management Charge0.9%
Ongoing Charges Figure0.99%
Equity
Equity
98%
98%
High Yield Bonds
High Yield Bonds
0%
0%
Quality Bonds
Quality Bonds
0%
0%
Property
Property
0%
0%
Commodities
Commodities
0%
0%
Hedge
Hedge
0%
0%
Fund Cash
Fund Cash
2%
2%

Investment Process

The trust invests mainly in large and mid-cap European (including UK) equities. Manager Alexander Darwall looks for growing companies with high margins that he believes can sustain this growth over the long term. Typically they will offer superior, differentiated products or services and be macro-indifferent - able to prosper in a range of economic scenarios. These companies also have high visibility of earnings, strong cash generation and a strong competitive position. Darwall also looks for management with a proven track record and strong corporate governance. Ideas are generated through reading company news and meeting management. The team has over 200 meetings each year, and will often verify a company by speaking to its network of suppliers and customers. Stock selection is purely bottom-up, though portfolio companies will often have exposure to “super-macro” themes – long-term growth trends in areas such as technology. Darwall is insensitive to valuations and the portfolio can be expensive. He often takes small positions in stocks whilst he is building up the investment case. However, once he has confidence in a business he typically takes a large position and holds it for a number of years.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning