17th Apr 2014 15:45
LONDON (Alliance News) - Blackrock Greater Europe Investment Trust PLC said Thursday that it had outperformed its benchmark in the half year to February 28.
The investment trust posted a total return on net asset value per share of 11.5%, slightly outperforming its benchmark, the FTSE World Europe ex UK Index, which returned 11.3%.
Since the period end, its net asset value has declined 3.3%, more than the benchmark which has declined 0.8%.
The company said that European markets had seen positive returns as economic conditions saw signs of improvements. However, emerging European equities remained out of favour over concerns that tapering of the US Federal Reserve's bond buying programme would reduce support to emerging markets, it said.
Investor interest was also hampered by political uncertainty, including the growing troubles in Ukraine.
Shares in the investment trust were trading up 0.2% at 240.56 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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