'The European political situation is more settled, the European economies are recovering very strongly and earnings growth is really beginning to come through.'
'There has been a huge degree of cynicism towards all things from Europe,' he said. 'Particularly in the UK where the general loathing has become a kind of pandemic.'
The trust is celebrating its 25th anniversary. The trust currently trades at a discount of 2.7% having returned 55.9% over the last three years versus a FTSE World Europe ex-UK return of 42.2%.