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BlackRock Greater Europe IT beats index

24 April 2015 07:42

BlackRock Greater Europe Investment Trust's undiluted net asset value per share returned 8.1% in the six months to the end of February. This compares with a return of 6.0% in the FTSE World Europe ex UK Index.

Chairman Carol Ferguson said: "The performance of European equities was mixed during the period under review.

"Although eurozone economic data for the most part remained lacklustre, the European Central Bank's moves to stimulate growth, through announcing the start of a 'quantitative easing' programme, reversed the prevailing negative sentiment towards the end of the period.

"The ECB's announcement at the beginning of the year that it would buy £60bn of debt each month from March until at least September 2016 led to the region registering its best monthly returns in over three years in January, as all market sectors recorded gains."

Story provided by StockMarketWire.com

Related Company: BRGE

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