BlackRock Greater Europe Investment Trust (BRGE)

Business description

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.

Stock data

Market cap.£300.4m
Last close315.25p
High / Low (52 weeks)325.0p / 260.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

BlackRock Greater Europe Investment Trust (BRGE) invests in continental European equities across the market cap spectrum; it is a concentrated portfolio and up to 25% may be invested in companies listed in developing European markets. The primary aim is long-term capital growth; however BRGE has a progressive dividend strategy – ordinary dividends have increased in every year since fund launch in 2004. Despite modest economic growth and political uncertainties in the region, managers Vincent Devlin and Sam Vecht continue to identify attractive investment opportunities. Following significant fund outflows from European equities, any change in investor sentiment would be supportive for the asset class.

Last updated on 10/11/2016

Key management

Company address

12 Throgmorton Avenue
London
London
EC2N 2DL
United Kingdom
020 7743 3000
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