Investment Trusts
European Smaller Companies Trust invests in smaller companies across Continental Europe. It is managed by Janus Henderson and seeks long-term capital growth from businesses that are often less researched than large-cap European shares.
Active investment in a diversified portfolio of European small and mid-sized companies across industrial, financial, technology, consumer and other sectors.
Continental European equity markets, excluding the UK, although many portfolio companies sell products and services internationally.
European small-cap valuations, stock selection, economic recovery, interest rates, merger and acquisition activity, corporate earnings and narrowing of the trust's discount to NAV.
Higher volatility and lower liquidity in smaller companies, European economic weakness, stock-selection errors, currency movements, gearing and a persistent discount to net asset value.
21 July 2026: the Board declared a 2.81p fourth-quarter dividend, bringing distributions for the year to 30 June 2026 to 8.43p. The trust continues to use a NAV-linked quarterly distribution policy while pursuing capital growth from European smaller companies.
Pays quarterly under a distribution policy linked to net asset value. In 2026, dividends of 2.81p went ex-dividend on 29 January, 30 April and 30 July; the July payment is due on 4 September. The year-to-June 2026 distribution total was 8.43p.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.