This is a non-independent marketing communication commissioned by BlackRock. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
- BlackRock Greater Europe Investment Trust (BRGE) has recently announced its 2021 financial year end results, as of 31 August 2021. Over that 12-month period BRGE managed to generate an impressive NAV total return of 49.4%, and a share price return of 56.8%. This represents a substantial outperformance of its benchmark, the FTSE Europe ex-UK index, which returned 27.4% over the same period.
- Over the last one, three, five, and ten years, BRGE has been the best performing European equity trust within the AIC Europe peer group, reflecting the strength of the team’s long-term approach to bottom-up equity investing.
- BRGE’s consistent premium to NAV over its financial year (an average of 0.1%) has enabled the board to issue shares to a value of £72,562,000 , a figure that represents 10% of BRGE’s current NAV.
- While BRGE’s sole objective is capital growth, the board has proposed a final dividend of 4.55p per share, which makes the total 2021 FY dividend 6.30p per share, a 2.4% increase on the prior year’s.
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