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BlackRock Greater Europe Investment Trust

LN: BRGE

£425m market cap

504p last close

BlackRock Greater Europe Investment Trust’s objective is to achieve capital growth, primarily through investment in a focused portfolio of large-, mid- and small-cap European companies, together with some investments in the developing markets of Europe. It aims to achieve a net asset value total return in excess of a broad index of European ex-UK equities (in sterling terms).

Investment summary

BlackRock Greater Europe Investment Trust (BRGE) has passed an important test, with its investment philosophy and process continuing to deliver despite an unprecedented shock to markets and economic growth. Co-managers Stefan Gries (developed Europe) and Sam Vecht (emerging Europe) remain constructive on the outlook for Europe in 2021; they believe the region is dealing with the coronavirus outbreak better than some other areas and there has been an enormous fiscal and monetary response to the crisis. Although timelines have been pushed out, the managers are confident that a new economic cycle is underway in Europe, a region that is very geared into the health of the global economy. They believe that if the risk premium declines, Europe will become a more investible market, and in the meantime, they are still finding attractive, high-growth companies that are creating long-term value for shareholders.

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Share price graph
Price performance
%
1m
3m
12m
Actual 11.5 11.0 28.9
Relative* (1.2) (0.8) 39.4
52-week high/low 505.0p/280.0p
*% relative to local index
Key management
Alex MacEwen Vice President

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