Montanaro European Smaller Companies Trust marks 20 years

Montanaro European Smaller Companies Trust celebrated its 20th anniversary, marking a significant milestone under the management of Montanaro Asset Management. The Trust reported an impressive annualized net asset value total return of 10.2%, outperforming both the MSCI Europe ex-UK SmallCap Index (8.5%) and the FTSE All-Share Index (6.9%) over the 20-year period, with dividends reinvested.

The Trust, which invests in quoted smaller companies across Continental Europe, has consistently navigated various economic challenges, including the Global Financial Crisis, the Eurozone sovereign debt crisis, and the Covid-19 pandemic. The investment approach focuses on bottom-up stock selection conducted by a specialist team, identifying profitable, growing businesses with strong market positions.

Chairman Gordon Neilly and Portfolio Manager George Cooke highlighted the Trust's success in delivering strong returns while emphasizing their commitment to the investment philosophy since 2006.

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