£327.4m market cap
389p last close
BlackRock Greater Europe Investment Trust plc is a United Kingdom-based investment trust. The Company’s objective is the achievement of capital growth, primarily through investment in a focused portfolio constructed from a combination of the securities of large, mid and small capitalization European companies, together with some investment in the developing markets of Europe. The Company invests in any country included in the Financial Times Stock Exchange (FTSE), World Europe ex UK Index, as well as in developing countries. The Company also has the flexibility to invest up to 20% of the portfolio in debt securities, such as convertible bonds and corporate bonds. BlackRock Investment Management (UK) Limited is the investment manager of the Company.
BlackRock Greater Europe Investment Trust (BRGE) is co-managed by Stefan Gries (since June 2017) and Sam Vecht (since launch in 2004). Gries believes that investors do not have to be positive on the prospects for Europe to consider this trust, as it seeks to invest in companies with potential to create shareholder wealth over the medium to long term. He says that investor sentiment towards the region is very negative, which may provide an incremental opportunity when opinions change. Gries remains optimistic about the prospects for BRGE’s portfolio of high-quality companies, based on his assessment that there will be no major economic slowdown or recession in the coming year.