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.£324.7m
Last close340.75p
High / Low (52 weeks)342.0p / 260.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

BlackRock Greater Europe Investment Trust Plc - Net Asset Value(s)

Tue, 03 Oct 2017 10:52:30 GMT

Numis: Three trusts for a diversified portfolio

Fri, 23 Sep 2016 10:02:32 GMT

BlackRock Greater Euro Inv Tst Plc (BRGE) Rise 0.41% on Sep 30

Sat, 30 Sep 2017 14:48:45 GMT

AIC outlook for Europe and EU small caps

Tue, 07 Jun 2016 10:30:15 GMT

Investment Trust Review: Best and worst performing sectors 2016

Fri, 27 Jan 2017 11:03:45 GMT

Investment summary

BlackRock Greater Europe Investment Trust (BRGE) aims to generate capital growth from a relatively concentrated portfolio invested across the greater European region. In June 2017, it was announced that Stefan Gries would replace Vincent Devlin as co-manager. He will continue to adopt BRGE’s flexible bottom-up stock selection approach, drawing on the wider resources of BlackRock’s European and emerging markets equity teams, but is reducing the number of holdings and intends opportunistically to make fuller use of the emerging European allocation. The trust is referenced against the FTSE World Europe ex-UK index and its NAV total return has outperformed over three and 10 years and is broadly in line over five years, while lagging over the last 12 months. Although the primary aim is capital growth, BRGE has a progressive dividend policy. Its current dividend yield is 1.7%, which is in line with its peer group average.

Last updated on 11/08/2017

Key management

Company address

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