TIDMBRGE

BlackRock Greater Europe Inv Tst

24 May 2019

London, UK, 24 May 2019

Edison issues review on BlackRock Greater Europe Investment Trust (BRGE)

BlackRock Greater Europe Investment Trust (BRGE) has been co-managed by Stefan Gries since June 2017. Since then, there has been a marked improvement in the trust's investment performance. Gries is constructive on the prospects for the trust, suggesting it provides access to winning franchises in niche, attractively valued companies that 'just happen to be based in Europe'. In aggregate, BRGE's portfolio companies have a meaningfully higher return on capital and greater forecast earnings growth compared with the reference index (FTSE World Europe ex-UK), which the trust has outperformed over one, three, five and 10 years. It also offers exposure to the potentially higher-returning emerging markets in Europe.

BRGE's share price discount to cum-income NAV is generally in a relatively narrow range of c 2% to 6%. Its current 4.4% discount compares with the 4.3% to 4.8% range of average discounts over the last one, three, five and 10 years. The discount is actively managed via repurchases and discretionary semi-annual tender offers.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: 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, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

   LinkedIn        https://www.linkedin.com/company/edison-investment-research 
   Twitter           www.twitter.com/Edison_Inv_Res 
   YouTube       www.youtube.com/edisonitv

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAPGUCUAUPBGPC

(END) Dow Jones Newswires

May 24, 2019 08:15 ET (12:15 GMT)

Merrill Lynch Grtr Eur (LSE:MGE)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Merrill Lynch Grtr Eur Charts.
Merrill Lynch Grtr Eur (LSE:MGE)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Merrill Lynch Grtr Eur Charts.