UPDATE: This trust was delisted in September 2026, with shareholders offered a cash exit, a rollover into a new open-ended fund, or a rollover into JPMorgan European Growth & Income (JEGI).
European Opportunities (ticker: EOT) was launched in 2000 and has been managed since then by Alex Darwall, who favours a concentrated portfolio of quality/growth companies. The trust was part of the Jupiter stable until 2019, building up a phenomenal performance record with an NAV return of nearly 13% a year from its IPO to May 2019, versus 5% a year for European markets. Darwall left Jupiter in 2019 t...
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UPDATE: This trust was delisted in the summer of 2026, with shareholders offered a cash exit or a rollover into a new open-ended fund run by Darwall or JPMorgan European Growth & Income.
After a long period of outstanding returns, Alexander Darwall's European Opportunities Trust has struggled for the last eighteen months. The demise of Wirecard, once its largest holding, did a lot of damage both financially and reputationally, but the returns from the rest of its portfolio have lagged as well. The trust is trading at a double-digit discount, a level not seen since the Greek financial cris...
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