Bending Spoons – probably the most thrilling tech firm you could by no means have heard about: INVESTING SHOW

Investor sentiment on Europe has improved but the focus has been mainly on value stocks.

This has left high quality European companies with lots of potential for growth in the years to come looking cheap, says Stephen Paice, of Baillie Gifford European Growth Trust.

Stephen joins Simon Lambert on the Investing Show to discuss the top stocks the trust holds, including one of the world’s most exciting tech firms that you may never have heard of.

He says: ‘A lot of those really high quality growth companies in Europe are now trading at extremely low relative valuations and when we look forward for the next few years, that’s where the opportunity is going to be.’

He reveals why the trust’s largest holding is a unlisted firm that many people may never have heard of, but is the most sought after tech company in Europe to work at, Bending Spoons. 

The €11billion company buys consumer apps and revives them and has seen huge success from its clever business model. ‘You don’t get to invest in these types of companies anywhere else,’ says Stephen.

Along with Bending Spoons, the manager talks through why ASML can benefit from the artificial chip and infrastructure boom, while lowering some of the risks people fear from an AI bubble. He also explains why pharmaceutical giant Roche is among its top holdings, despite the business’s mature position in the market.

And Stephen highlights why it would only take a relatively small shift from investors from the US market back to Europe to really boost is growth firms.