Wednesday 16 August 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


A BlackRock Trust that May Be Steady as a, well, Rock for Investors in Europe

By Malcolm Stacey | Thursday 15 June 2017


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Hello Share Scramblers. In the early nineties, I bought some shares in a trust investing in Europe. It was known as the Mercury Europe Privatisation Investment Trust. I seem to recall it was the time of various British insurance companies and utilities going private for the first time.

Many private citizens were buying up these shares with the intention of selling them the day afterwards. Of course, in the event many people held onto them. The Mercury sale somehow got caught up in this frenzy, even though it was not part of the scene really. It became the biggest share sale of its kind.

I’d been making quite a lot of dosh out of privatisation offers and tried my luck with this one. I’m very glad I did. It’s taken most of this young century to do it, but the value of these shares is up by nearly four times now. Along the way I’ve had some decent dividends, as well.

Mercury was taken over by Merrill Lynch. But in 2006, my old Mercury fund became one administered by BlackRock. BlackRock has done well with my investment, even though Europe’s future has taken a battering, with various member countries hitting financial skids and the Brexit problem. Yet the shares in the now named BlackRock Greater Europe Investment Trust (BRGE) have continued to rise.

I commend the fund to you because BlackRock is an amazingly successful outfit. It started out in 1988. By the end of 1999, it was managing $165 billion in assets. It’s been estimated that banks and other financial giants trust it to monitor 7% of the world’s financial wealth. And if you think that sounds unremarkable, let me remind you that the world has $225 trillion dollars of financial assets.

In my biased view, then, this is an investment fund that has done me proud so far, and should continue its expert management in the future, both short and long-term.

And now the doors are open at the Punter’s Return.


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