European Smaller Companies (ticker: ESCT) was launched in 1990 and, until a few years ago, was known as TR European Growth. This trust was managed by Stephen Peak for its first two decades, with Ollie Beckett taking over in 2011, so it has only had two lead managers in 36 years. ESCT has returned about 12.5% per annum since inception, but performance under Peak was considerably more volatile, with bumper returns in the 1990s followed by a torrid decade in the 2000s. Over the last decade, its returns have been somewhat more consistent, and it has beaten its benchmark by about 1.5 percentage poi...
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European Smaller Companies (ticker: ESCT) was launched in 1990 and up until last year was known as TR European Growth. The trust was managed by Stephen Peak for its first two decades before Ollie Beckett took over in 2011. Over the last decade, it has comfortably beaten its benchmark and it has also been the best performer of the four European small-cap trusts. Compared to the other trusts in the sector, it is a little less growth-orientated and tends to invest in slightly smaller companies -- around half of its portfolio has a market cap of €1bn or less. ESCT has a fairly large portfolio of a...
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