Fact sheet: BlackRock Gtr Eur IT

Fund information
Fund name
BlackRock Greater Europe IT
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund managers
  • Vincent Devlinsince 31/07/2008
  • Sam Vechtsince 20/09/2004
Accolades
 Highly Commended - Europe
Fund objective
To achieve capital growth, through investment in a focused portfolio constructed from a combination of the securities or large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
24.4%
1 Year rank in sector
5/8
Sector
IT Europe
Yield
1.8%
Fund size
£284m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
111
Mid price
297.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
308.36
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-3.52
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Hndrsn Erpn Fcs Tst36.1%
The European Inv Tr29.3%
Henderson Euro Trust24.6%
JP Morgan European IT Gth24.5%
BlackRock Gtr Eur IT24.4%
...more in IT Europe

Performance snapshot

Holdings snapshot

  • France22.4%
    Denmark13.5%
    Netherlands12.2%
    Switzerland7.7%
    Belgium7.6%
  • Industrials25.8%
    Financials20.4%
    Consumer Goods20.1%
    Technology9.7%
    Consumer Services7.6%
  • French Equities22.4%
    Danish Equities13.5%
    Dutch Equities12.2%
    Swiss Equities7.7%
    Belgian Equities7.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.6%6.6%8.1%24.4%26.9%82.2%
Sector4.3%9%12.6%24.8%31%101.1%
Rank within sector4 / 88 / 87 / 85 / 87 / 87 / 8
Quartile2nd4th4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.4%10.1%16.4%-3.8%27.2%
Sector8.3%5.9%12.1%5.8%32.7%
Rank within sector8 / 82 / 83 / 88 / 86 / 8
Quartile4th1st2nd4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.29
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.9
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.26
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.8
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.97
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.18
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.71
Price movement
52 week high303.75
52 week low238
Current bid price294.5
Current offer price297.5
Current mid price297.5
Region
1France22.4%
2Denmark13.5%
3Netherlands12.2%
4Switzerland7.7%
5Belgium7.6%
6Germany6.9%
7Ireland5.9%
8Sweden5.3%
9Finland4.4%
Industry sector
1Industrials25.8%
2Financials20.4%
3Consumer Goods20.1%
4Technology9.7%
5Consumer Services7.6%
6Health Care6.7%
7Basic Materials5.7%
8Telecommunications2.5%
9Net Current Assets1.5%
Asset type
1French Equities22.4%
2Danish Equities13.5%
3Dutch Equities12.2%
4Swiss Equities7.7%
5Belgian Equities7.6%
6German Equities6.9%
7Irish Equities5.9%
8Swedish Equities5.3%
9Finnish Equities4.4%
Individual holdings
1AXA3.9%
2BAYER AG3.2%
3RELX NV3.2%
4ANHEUSER-BUSCH INBEV SA/NV3.1%
5ASML HOLDING NV3.1%
6PANDORA AS3.1%
7SCHNEIDER ELECTRIC SE2.9%
8KBC GROEP2.8%
9VINCI SA2.7%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund objective
To achieve capital growth, through investment in a focused portfolio constructed from a combination of the securities or large, mid and small capitalisation European companies, together with some investment in the developing markets of Europe.
Benchmark
  • FTSE World Europe EX UK
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Vincent Devlin31/07/2008Vincent Devlin, Managing Director and portfolio manager, is a member of the European Equity team within the Fundamental Equity division of BlackRock's Portfolio Management Group. He is responsible for continental European portfolio management, adopting a flexible style.Mr. Devlin joined BlackRock in 2008 from Scottish Widows Investment Partnership (SWIP), where he was an Investment Director responsible for managing continental European and Euroland retail unit trusts. Prior to joining SWIP in 2000, he was with Insight Investments from 1998 to 2000, as an investment manager for European portfolios. He began his career in 1994 with Co-operative Insurance Society, where he was an assistant investment manager, responsible for managing emerging market and European portfolios. Mr. Devlin earned a BSc and an MEng, with honours, both in electrical and electronic engineering from the University of Manchester in 1992.
Sam Vecht20/09/2004Sam Vecht is co-manager of BlackRock Emerging Europe plc, and is co-head of BlackRock’s Global Emerging Markets Team in the Fundamental Equity Division of BlackRock's Alpha Strategies Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. He is also co-manager of the BlackRock Greater Europe Investment Trust plc and the BlackRock Frontiers Investment Trust plc. Sam joined BlackRock in 2000 in the Global Emerging Markets Team. Sam has a degree in international relations and history.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
BlackRock Greater Europe IT
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price308.36
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJGT
BlackRock Greater Europe IT NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price306.8567
CurrencyGBX
Price updated27/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM554
BlackRock Greater Europe IT Sub sub
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price0.01
Offer price0.5
Mid price0.255
CurrencyGBX
Price updated03/05/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMDT0
Data provided by

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