3rd Oct 2025 12:14
BlackRock Greater Europe Investment Trust PLC - investment trust focused on small, mid and large-cap European companies - Says it has arranged a reduced management fee with Blackrock Investment Management UK Ltd. The fee is calculated on BGEIT's net asset value. It is 0.65% of NAV up to and including GBP400 million, and 0.60% for NAV that exceeds GBP400 million up to and including GBP1 billion. For NAV above GBP1 billion, the fee is 0.525%. This revised fee will result in a blended annual management rate for financial 2025 of 0.634%, based on average net assets of GBP593.3 million at August 31.
BGEIT say the new fee is implemented retrospectively from September 1 and expects the arrangement to reduce its ongoing charges ratio to around 0.775%, compared to 0.95% in financial 2025.
Current share price: 608.00 pence, up 0.7% on Friday morning in London
12-month change: up 3.1%
By Holly Munks, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
BlackRock Greater Europe Investment Trust