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BlackRock NAV falls

11 September 2015 12:37

BlackRock Greater Europe Investment Trust has reported that, during August, the Companys net asset value (NAV) fell by 4.7% and the share price decreased by 3.0%.

The net asset value (capital only) at 31 August was 248.16p and the net asset value (including income) was 251.82p

Commenting on the future outlook, Vincent Devlin, representing the Investment Manager said:

"Despite the performance of European equities year-to-date and recent market volatility, we continue to favour European equities given that macroeconomic momentum remains positive and monetary policies remain supportive. The recent correction has made investors somewhat fearful, even of equities with limited or zero exposure to China. At the same time, some specific equities with emerging market exposure have been marked down extremely aggressively and are in oversold territory in our view. For companies with more domestic exposure, European equity earnings momentum remains robust."

At 12:37pm:

(LON:BRGE) Blackrock Greater Europe Inv Trust Plc share price was +2.13p at 239.63p

(LON:BRGS) Blackrock Greater Europe Inv Tst share price was 0p at 13.5p

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