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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.£282.7m
Last close327.00p
High / Low (52 weeks)369.0p / 308.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

BlackRock Greater Europe Investment Trust (BRGE) has two co-managers: Stefan Gries focuses on developed markets in Europe (the large majority of the portfolio), while Sam Vecht focuses on emerging markets. Gries believes that the investment backdrop remains relatively robust, but stresses the importance of remaining selective. He seeks quality companies that can be held for the long term, where their earnings and cash flow potential is not reflected in their current share prices. Since Gries became co-manager in June 2017, BRGE has outperformed the FTSE World Europe ex-UK index by c 12pp. He continues to find attractive investment opportunities, and comments that the broad-based sell-off in emerging markets means there is potential for a higher emerging Europe allocation in the trust’s portfolio in coming months.

Last updated on 15/10/2018

Key management

Company address

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