Gartmore Investment Trusts : European Investment Trust
p.l.c
Return to Investment Trusts
Fund Manager
Roger Guy |
Registered Office
Gartmore House
8 Fenchurch Place
London
EC3M 4PB
Company No: 427958 England & Wales |
Fund Summary
- A core European holding offering exposure to the pick of
companies from the world's second largest stock market
- Succesfully managed by Roger Guy for over 10
years
|
Key Facts
| Total Assets |
£144.6
million |
| Number of Holdings |
92 |
| Net Yield |
2.5%
p.a. |
| Total Expense
Ratio |
1.75% (year ended
30.09.09) |
| Management Fee |
0.75% p.a. of Total
Assets; plus a performance related fee (capped at 0.5%) in specific
circumstances |
| Discount Control |
The Board intends to
purchase shares on an ongoing basis, with the aim of establishing a
long-term level of discount to net asset value of 3.5%. |
| Year End |
30 September |
| AGM |
January |
| Results Announced |
May, December |
| Dividend Paid |
January (Final) |
| Listed |
1947, The London
Stock Exchange |
| Broker |
Winterflood Investment Trusts |
| Directors |
Rodney Dennis (Chairman), Jean Claude Banon,
Alexander Comba, Michael Firth |
| Capital Structure |
22,956,454 Ordinary
Shares in issue and
2,247,695 Ordinary Shares held in
treasury | |
Literature
Shareholder Circular
Corporate Governance
Company Announcements
Fund Manager
|
|
Roger Guy
Senior Investment
Manager
Roger Guy joined Gartmore as an Investment Manager in the
European Equity Team in 1993. He has specific responsibility for
high performance funds. As well as the Gartmore European Absolute
Return Fund and the Gartmore SICAV European Absolute Return Fund,
he also runs the hedge funds, The AlphaGen Capella Fund and The
AlphaGen Tucana Fund.
Following his postgraduate studies in European Financial Analysis
at Newcastle University, Roger joined Eagle Star as an investment
analyst in 1989. In 1991, he was appointed as an investment manager
with responsibility for European unit trust funds.
Roger graduated from Sussex University in 1988 with a degree in
Economics. He is an associate member of the Institute of Investment
Management and Research.
| |
Fund Objective
|
The Company seeks capital growth over the long-term from
investment in Continental Europe.
Investment Policy
The Managers will focus on stock selection, primarily larger
companies with strong balance sheets and above average growth
prospects. Less emphasis will be given to adding value via country
allocation although the portfolio will maintain a broad geographic
diversification. |
Important Information
The value of investments and the income from them may go
down as well as up and you may not get back your original
investment. Investment trusts can borrow money to make additional
investments on top of shareholders' funds (gearing). If the value
of these investments falls in value, gearing will magnify the
negative impact on performance. If an investment trust incorporates
a large amount of gearing the value of its shares may be subject to
sudden and large falls in value and you could get back nothing at
all. The level of yield may be subject to fluctuation and is not
guaranteed. Funds investing in overseas securities are exposed to
and can hold currencies other than Sterling. As a result, exchange
rate movements may cause the value of investments to decrease or
increase. Some or all of the annual management fee is currently
charged to the capital of the Fund. Whilst this increases the
yield, it will restrict the potential for capital growth. Net Asset
Value ("NAV") performance is not the same as share price
performance and investors' returns may not equate to NAV
performance.
Past performance is not a guide to future performance. The value of
investments and the income from them may go down as well as up and
you may not get back your original
investment. |