Edison Investment Research - Blackrock Emerging Europe (BEEP) BlackRock Emerging Europe - Outperformance from concentrated fund

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Edison Investment Research

Mel Jenner

BlackRock Emerging Europe - Outperformance from concentrated fund

BlackRock Emerging Europe (BEEP) aims to generate long-term capital growth from a concentrated portfolio of emerging European equities. Managers Sam Vecht and Christopher Colunga are upbeat about prospects for the region due to relatively attractive company valuations and an improving macro backdrop. The trust has outperformed the MSCI Emerging Europe 10/40 index over one, three and five years, and since BlackRock took over management of the fund on 1 May 2009. The board is mindful of its corporate governance responsibilities, and in June 2013 announced that before 21 June 2018, it would offer shareholders the ability to realise their investment in BEEP at NAV minus costs and, if the fund is not liquidated, at five-yearly intervals thereafter.

29/01/2018 12 EN

Underlying

Blackrock Emerging Europe

BlackRock Emerging Europe plc is an investment company. Co. invests in companies that do business primarily in Eastern Europe, Russia, Central Asia and Turkey. As of Jan 31 2017, Co.'s investment portfolio which principally comprised listed equity investments totaled US$157.1 million.

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GB00B0BN1P96 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Mel Jenner

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BlackRock Emerging Europe - Outperformance from concentrated fund

Ford Equity International Rating and Forecast Report

discoverIE Group - FY24 EPS in line; good margin progress

Ultimovacs - Steadfast commitment to UV1 progression

OSE Immunotherapeutics - AbbVie deal clears antitrust hurdle

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