Janus Henderson has rebranded its TR European Growth trust, now the European Small Companies trust, as it introduces a new share split for retail investors to boost liquidity.
According to the $419.3bn firm, the trust's objective remains the same - to seek capital growth by investing in small and medium sized companies domiciled in the Europe excluding the UK - but the company's ticker (ESCT) has changed to reflect the new name. Last month, Janus Henderson announced the trust would be implementing an 8:1 share split to improve liquidity of the company's shares. Investec recommends selling Baillie Gifford's Schiehallion According to the firm, the split will "enhance the ability of a wider range of investors…to make more efficient regular month investments...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
