money-2724241

BlackRock Emerging Europe

LN: BEEP

£114.4m market cap

318.5p last close

BlackRock Emerging Europe aims to generate long-term capital growth principally from investing in companies that do business primarily in Eastern Europe, Russia, Central Asia and Turkey. The trust is benchmarked against the MSCI Emerging Europe 10/40 index (net of withholding taxes).

Investment summary

BlackRock Emerging Europe (BEEP) aims to generate long-term capital growth from a concentrated portfolio of emerging European equities. Managers Sam Vecht and Christopher Colunga are upbeat about prospects for the region due to relatively attractive company valuations and an improving macro backdrop. The trust has outperformed the MSCI Emerging Europe 10/40 index over one, three and five years, and since BlackRock took over management of the fund on 1 May 2009. The board is mindful of its corporate governance responsibilities, and in June 2013 announced that before 21 June 2018, it would offer shareholders the ability to realise their investment in BEEP at NAV minus costs and, if the fund is not liquidated, at five-yearly intervals thereafter.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.3 (0.3) (9.1)
Relative* 0.6 7.6 (4.1)
52-week high/low 389.0p/300.5p
*% relative to local index
Key management
Alex Lainas Marketing Manager
Simon White Head of Investment Trusts

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