In a good year for equity markets in Europe, the Company’s assets rose by 48.5 per cent in total return* terms.
Net asset value total return of +73.6 per cent since December 1997 (portfolio refocused), compared with a 37.6 per cent rise for the benchmark index.
European Assets Trust maintained a leading position in its AITC peer group over two and three years in total return terms.
6 per cent dividend yield level on net asset value in future years to 2006.
First dividend for 2004 of €0.155 paid from capital reserves and two further dividends of €0.155 each to be paid in 2004.