BlackRock Greater Europe Investment Trust (BRGE) aims for capital growth through a concentrated portfolio of European companies, the majority of which have market capitalisations of more than €5 billion (£3.8 billion). BRGE’s annual report for the year to 31 August 2019 shows assets of £338 million.
Stefan Gries is co-manager of the trust along with Sam Vecht. They favour good-quality firms with strong management and healthy cash flows. The positioning of the portfolio in lower-yielding growth stocks has produced competitive NAV total returns.