This website is issued and approved by Devon Equity Management Limited (Devon), which is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom with registration number 841960.


When accessing any information or material made available on this website you accept and agree to comply with the terms and conditions as set out below:

No Solicitation


The website is provided for information purposes only and does not constitute a recommendation, offer or solicitation to enter into any contract or agreement to provide any investment services, or to apply for, or buy any investments, securities or funds. You acknowledge that your use of this website and requests for information are unsolicited.



The information contained in this website is directed only at persons who are resident in the United Kingdom. The information contained in this website is not directed at you if Devon is prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use that would be contrary to local law or regulation. None of the services, investments or funds referred to in this site are available for sale or use in any jurisdiction where such activity is prohibited. This website should not be accessed by any person in the United States. Persons who are resident outside the UK and US should consult their professional advisers or local regulator to satisfy themselves of local regulatory requirements.

European Opportunities Trust PLC


European Opportunities Trust PLC, the investment trust described in this website, can only be marketed in certain jurisdictions. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. Whilst the investment trust may be available to retail investors via third party providers, please note that Devon does not have permission from the FCA to deal directly with Retail Clients.


The investment trust is not available for general distribution to or sale to US investors. It will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and the Funds will not be registered under or the Investment Company Act of 1940 (as defined in Regulation S under the Securities Act ) of the United States of America (“USA”). The Funds are therefore not available to any US persons or to any other person in the USA, except in a transaction which does not violate the Securities Act, the Investment Company Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA).

Risk Warning


Investors should consider carefully all specific risks of the products described in this website carefully prior to making an investment. Some general risks to consider include: Past performance of an investment is not a guide to any future performance; the value of investments and any income generated may go down as well as up and is not guaranteed; changes in exchange rates may have an adverse effect on the value, price or income of investments.


Some funds, for example the investment trust, have the ability to borrow money in order to make further investments. This is known as “gearing” and can improve returns of an investment in rising markets but can reduce returns in falling markets. Shares in investment trusts can fluctuate in accordance with demand and supply and may not reflect the underlying net asset value of the shares. Depending on market conditions, the spread between a purchase and sale price can vary widely.


The Devon investment strategies have concentrated portfolios which means that they hold interests in fewer issuers than many other funds. Such concentration in a limited number of investment holdings means that the funds may be more affected if an individual company has significant losses. This may at times increase the volatility of the funds relative to its benchmark and the possibility of underperforming the benchmark over some time periods. Furthermore, the portfolios may be concentrated in a small number of sectors and countries, which could result in adverse consequences to the Funds if any such sector or country experiences a downturn.


Nothing in this site constitutes any investment, legal, tax and other advice and it is not to be relied upon in making any investment decision. If you are unsure about the meaning of any information in this website you should consult your financial or other professional adviser.

Accuracy of Information


The content of this site is based upon sources of information believed to be reliable, however, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given to its accuracy or completeness. No responsibility or liability can be accepted for any errors or omissions or for any loss resulting from the use of any materials contained in this site. Devon reserves the right to amend, alter or withdraw any of the information in the site at any time without notice. No liability is accepted for such changes or for pages not being available at all times.

Linked/External Websites


This website may contain links to other websites maintained by third parties over whom Devon has no control. Devon and its employees take no responsibility for approving, screening or reviewing the contents of the linked websites and should not be regarded as an endorsement of the service or the site. Devon makes no representations as to the accuracy, legality or any other aspect of information contained in the linked or other websites. You use such links at your own risk.

Privacy and Cookies


All information provided to Devon through this site is used solely by Devon, its affiliates and employees only. By using this website please be aware that information we hold about you may be disclosed to any regulatory authority to which Devon is subject, or to any person legally empowered to require such information.


When you browse the website we use cookies to allow our site to remember your preferences and whether you accept our terms of use. We do not use cookies that provide information to advertising networks or those who track your activity across multiple sites.


This website also uses Google Analytics, a web analytics service provided by Google, Inc. (‘Google’). Google Analytics uses cookies (text files placed on your computer) to help the website operators analyse how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.


By continuing to use this site you are consenting to the website’s use of cookies and you will be deemed to have accepted Devon’s Cookie policy.


Further details of our Privacy Policy and Cookie Policy can be found on our Privacy and Cookie pages.



The information contained on this site is subject to copyright with all rights reserved. Under no circumstances should any information be copied, reproduced or redistributed without express prior written consent from Devon.



This website is governed by the laws of England.



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