BLACKROCK GREATER EURO INV TST ORD GBP0.001

Symbol: BRGE

Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.

Invest in this share within an ISA, JISA, SIPP or Investment Account

Past Performance

  • 4th Aug 2015 to 4th Aug 201610.21%
  • 4th Aug 2016 to 4th Aug 201722.17%
  • 4th Aug 2017 to 4th Aug 201814.19%
  • 4th Aug 2018 to 4th Aug 20198.68%
  • 4th Aug 2019 to 4th Aug 202013.91%

Key Information

Benchmark FTSE World Europe ex UK
Sector IT Europe
Gearing 105%
Ex-Dividend Date 14 May 2020
Dividend Pay Date 10 Jun 2020
Total Dividends - Year to Date5.85
Dividend Yield (%)1.3605

Net Asset Value (Nav)

Latest actual NAV 436.54
Latest actual NAV date 31/07/2020
NAV frequency Daily
Premium/Discount -2.29%

Charges

Total Ongoing Charges 
Please note that whilst we endeavour to show all charges associated with specific funds, sometimes this is not possible due to the information not being made available by the fund provider. In such cases transaction or incidental cost information may be missing.
1.3522%
Performance Fee No
AMC 0.50%
Our Platform Charge
We charge a platform fee starting at 0.35% for the first £250,000 of assets. Out charges for assets above £250,000 are shown on our rates and charges sheet
0.35%

Cost and Charges Information

This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product

Account Type

  • Investment Account
  • Stocks & Shares ISA
  • SIPP

Annual charges

These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate

Cost Category % of Investment lump sum costs
Our annual fee

Our annual fee

Includes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here
0.35%
Dealing charges

Dealing charges

Any one-off commission charges associated with investing. Note that government taxes and levies are not included
N/A
Product provider costs

Product provider costs

Product provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs
1.3522%
Total (£)

Total (£)

Costs per annum displayed in monetary value
Total (%)

Total (%)

Costs per annum displayed as a percentage of investment value

Cumulative effect of charges on your investment's return

This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges

lump sum invested with an assumed growth rate of 1 year years
What you might get back at  with no charges applied

What you might get back at  with no charges applied

These are the illustrative values of a  investment after growth and no costs applied at the end of the defined period
Annual charges

Annual charges

These are the annual costs based on an initial investment amount of assuming a net zero growth rate
Effect of charges on return (%)

Effect of charges on return (%)

These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate
Effect of charges on return (£)

Effect of charges on return (£)

These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate
What you might get back at with charges applied

What you might get back at with charges applied

These are the illustrative values of a investment after growth and costs at the end of the defined period

This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use

Company

Business Summary

BlackRock Greater Europe Investment Trust plc is an investment trust engaged in portfolio investment. 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. It may invest in any country included in the Financial Times Stock Exchange 100 Index (FTSE) World Europe ex United Kingdom (UK) Index, as well as in developing countries not included in the Index. Up to 25% of the portfolio may be invested in companies in developing Europe with the flexibility to invest up to 5% of the portfolio in unquoted investments. The Company may also invest up to 20% of the portfolio in debt securities, such as convertible bonds and corporate bonds. The Company's investment manager is BlackRock Investment Management (UK) Limited.

Financial Summary

BRIEF: For the six months ended 29 February 2020, BlackRock Greater Euro Inv Tst Plc revenues increased 95% to -£1.4M. Net loss decreased 88% to £3.3M. Revenues reflect Gains on investments held at fair value increase of 91% to -£2.5M, Income from investments held at fair val increase of 11% to £1.2M, Other income increase from £0K to £12K. Lower net loss reflects Other administrative cost decrease of 38% to £35K (expense), Selling/General/Admin.

Performance

  • Chart Options

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      Cumulative Performance

      1 month3 months6 months1 year3 years5 years
      0.70% 21.40% 5.41% 13.91% 41.36% 90.33%

      Important Information
      Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertently become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.

      The charts and performance data shown are supplied by an external data provider and may contain data that appears to precede the introduction of the clean unit class for this fund. In such cases, historical data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.

      Composition

      Important Documents


      The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.

      Fund Provider Factsheet
      The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
      FUND PROVIDER FACTSHEET
      233,948 bytes PDF Document; last updated 31 May 2020
      Key Information Document This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
      KEY INFORMATION DOCUMENT
      71,763 bytes PDF Document; last updated 04 Mar 2020
      Annual Report A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
      ANNUAL REPORT
      3,208,848 bytes PDF Document; last updated 31 Aug 2019
      Semi Annual Report Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
      SEMI-ANNUAL REPORT
      2,379,451 bytes PDF Document; last updated 29 Feb 2020

      Management Team

      Stefan Gries Samuel Vecht

      Stefan Gries has managed this fund for 3 years and 1 month.

      Stefan Gries Stefan Gries is co-manager of BlackRock Greater Europe Investment Trust plc. He is a member of the European Equity team within the Fundamental Equity division of BlackRock’s Active Equity Group. He is co-manager on the European Absolute return (long/short) portfolios as well as on Pan European and Europe ex UK long-only portfolios. Prior to joining BlackRock in 2008, he spent two years at Scottish Widows Investment Partnership. Since joining BlackRock, he has worked both as a portfolio manager and as an analyst covering, at various times, energy, pharmaceuticals and insurance on behalf of the European Equity team. He earned an MA in economics and Spanish.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Samuel Vecht has managed this fund for 15 years and 10 months.

      Samuel Vecht Samuel Vecht, CFA, Managing director and portfolio manager, is Head of the Emerging Europe & Frontiers team within the Fundamental Active Equity division of BlackRock's Active Equities Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. Mr. Vecht's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Vecht earned a BSc degree, with honours, in international relations and history from the London School of Economics.

      Manager Cumulative Performance v Peer Group

      Performance Graph

      Other investment trusts managed by Samuel

      Name of Security Sole/Co Managed Since
      BRLatnAmIT OUS$0.10 Co Dec 2018
      BkRckFrtrsInvTtPlc OUSD0.01 Co Dec 2010

      Financials


      Income Statement - All values are in GBP (M).

      Year Ending

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      31/08/2014

      Total Revenue 22.93 38.74 65.42 45.46 22.95 15.17
      Gross profit 20.13 35.80 62.67 43.02 20.23 13.15
      Operating Profit/Loss 19.48 35.06 62.00 42.51 19.65 12.45
      Profit Before Tax 19.48 35.06 62.00 42.51 19.65 12.45
      Profit After Tax 18.99 34.78 61.23 42.88 18.96 11.70
      Equity Holders of Parent Company 18.99 34.78 61.23 42.88 18.96 11.70
      Minority Interest NIL NIL NIL NIL NIL NIL


      Balance Sheet - All values are in GBP (M).

      Year Ending

      31/08/2019

      31/08/2018

      31/08/2017

      31/08/2016

      31/08/2015

      31/08/2014

      Total Non-Current Assets 340.81 336.83 334.66 295.59 262.83 256.08
      Total Current Assets 1.97 1.64 5.01 2.27 2.30 5.67
      Total Assets 342.78 338.47 339.67 297.87 265.13 261.76
      Total Liabilities 4.34 8.05 8.94 2.96 NIL 2.77
      Total Net Assets 338.44 330.42 330.73 294.91 NIL 258.99
      Shareholders Funds 338.44 330.42 330.73 294.91 261.46 258.99
      Minority Interests NIL NIL NIL NIL NIL NIL
      Total Equity 338.44 330.42 330.73 294.91 NIL 258.99

      Investment involves risk. You may get back less than invested.