LONDON (Alliance News) - BlackRock Greater Europe Investment Trust PLC, which counts Société Générale and Swiss Re amongst its top ten equity holdings, Tuesday said gave an 8.4% net asset value total return in the first three months of its financial year.
The trust's performance compares against the 8.2% total return given by the FTSE World Europe ex UK index.
BlackRock Greater Europe, which invests in large, mid- and small-capitalisation European companies, said said its net asset value per share, undiluted and including income, stood at 248.98 pence at the end of the three months to November 30.
However, when taken on a diluted basis to include subscription shares and income, the trust's total return over the first-quarter was just 7.4%.
BlackRock Greater Europe shares were Tuesday quoted at 248.00 pence, down 3.00 pence, or 1.2%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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BlackRock Greater Europe Investment Trust (BRGE)