Janus Henderson to rebrand European Growth trust in liquidity push

Renamed European Small Companies trust

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...