Report

BlackRock Greater Europe Investment Trust - Consistency in philosophy and approach

BlackRock Greater Europe Investment Trust (BRGE) has a long-term record of outperformance versus its peers and the broad European market. It has two co-managers: Stefan Gries, since June 2017, covering developed European markets (c 90% of the fund); and Sam Vecht, since the trust’s launch in September 2004, covering emerging European markets (c 10% of the fund). While all the trust’s positions are selected following thorough fundamental analysis rather than taking a view on the macro environment, Gries is optimistic about the prospects for an upcoming economic recovery in Europe. So far, its vaccine program has lagged the pace of other regions such as the US and the UK, so there is potential to catch up, and there is a coordinated €750bn EU Recovery Fund in place to be spent on green initiatives, which has not yet been employed.
Underlying
BlackRock Greater Euro Inv Tst

BlackRock Greater Europe Investment Trust is an investment trust company. Co.'s principal activity is portfolio investment. Co. invests 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. Co.'s investment manager is BlackRock Investment Management (UK) Limited. As of Aug 31 2017, Co. had total investments of £334.7 million.

Provider
Edison Investment Research
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
Pedro Fonseca

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