LONDON (Alliance News) - TR European Growth Trust PLC Monday said it outperformed its benchmark index in its last financial year.
The trust, which targets capital growth by investing predominantly in small- and medium-sized companies in Europe, but excluding the UK, said its net asset value total return, which includes dividends reinvested, was 34.3% in the year ended June 30, while the Euromoney Smaller Companies Index (ex UK), on a total return basis and in sterling, delivered 26.8%.
The trust's net asset value was 651.7 pence per share at the end of June on net assets attributable to ordinary shareholders of GBP325.7 million.
TR European Growth Trust shares Monday closed up 1.0% at 516.99p.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.