Bestinvest Logo
Learning
fund
top rated icon
Info icon

Back to result

BLACKROCK EUROPEAN DYNAMIC FD GBP HGD

Bestinvest LogoA large and mid-cap Europe (ex UK) equity fund targeting a high level of outperformance.

PRICE (INC)

206.7074p

PRICE (ACC)

219.0368p

INITIAL CHARGE

5%

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.92%

YIELD

0.6%

1 YEAR
12.41%
Invest Now

Prices as at 04 Dec 2023.

Fund commentary last updated 18 Jan 2023.

Past performance is not an indication of future performance.

Capital at risk.

The aim of the Fund is to provide a return on investor's investment (generated through an increase in the value of the assets held by the Fund) (gross of fees) over the long term (5 or more consecutive years beginning at the point of investment), by investing in companies incorporated or listed in Europe excluding the UK. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in equities (i.e. shares) and equity related investments (i.e. other investments whose value is related to equities) of companies incorporated or listed in Europe excluding the UK which the Investment Manager considers exhibit either growth or value investment characteristics (i.e. whether a company provides good value when considering factors such as estimated future earnings and value of shares relative to a company’s cash flow (i.e. a measure of the amount of cash generated by a company’s normal business operations).

Fund summary

SectorEurope Excluding UK
StructureUNIT TRUST
LaunchedSeptember 2015
Size£3,808m
Yield0.6%
Dividends paidApril

Charges

Standard Initial Charge5%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0.21%
Annual Management Charge0.75%
Ongoing Charges Figure0.92%

Investment Process

The investment universe for the fund is large and mid-cap European equities, though some UK and US stocks may also feature in the portfolio. The typical minimum market capitalisation is around £1billion with over three-quarters of holdings valued over £10billion. The targeted stocks are put into four broad sectors – Consumer, Financial, Healthcare, and Industrial – which are each covered by a “research pod” led by a senior fund manager/analyst on BlackRock’s European equity team. Investment ideas are sourced from screens looking at valuation metrics and earnings momentum, from sector analysts, company meetings and after considering factor and thematic trends. The analyst team then carries out fundamental research on each stock. The research is predominantly bottom-up and focuses on whether the company can create wealth for its shareholders, is resilient through economic cycles and whether it can evolve to drive future earnings and cashflow. The team also looks at economic factors, including analysis of consumer footfall or credit card spending from BlackRock’s data team. They also consider structural changes in the global economy such as technological disruption. ESG is also embedded in the process, looking at issues including carbon emissions and labour standards. Each stock is given a rating from 1-5 based on risk-adjusted conviction and the target price, calculated on a 12-month time horizon - 1 (strong buy), 2 (buy), 3 (hold/neutral), 4 (negative) and 5 (very negative). Portfolio managers then have to determine whether recommended stocks are suitable for their portfolios. Rothbarth typically uses 1 and 2 rated stocks, though he occasionally buys 3-rated stocks on positive news rather than wait for the analyst to change the rating.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning