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BlackRock Continental European

Elite Rated by FundCalibre
This fund is no longer Elite Rated

The fund offers UK investors access to a multi-cap portfolio of European equities, which is run by an experienced and pragmatic manager. While the manager does have freedom in terms of where he can derive his investment ideas, the fund is designed not to deviate too dramatically from its benchmark.

Company Description

A part of the US-based BlackRock Group, BlackRock provides a comprehensive range of products and services across asset classes, geographies and investment strategies, with more than 130 investment teams in 30 countries.

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Fund Manager

Vincent Devlin has been managing this fund since 2008 and has been running money since 1999. He is a pragmatic yet disciplined manager, who has had considerable success on several European funds with different mandates. He is also extremely well supported by BlackRock’s large European team.

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Our flexibility allows us to extract alpha across the cycle while maintaining balance in the portfolio.

Vincent Devlin - Fund Manager

The Investment Process

Vincent and his team apply a structured process across idea generation, in-depth company analysis, and portfolio construction with an emphasis on risk awareness. Their framework ensures investment ideas are analysed comprehensively and consistently. All potential stocks are given a price target for 12 months’ time and a rating between 1 and 5 depending on how well they are liked by analysts. This makes the team’s approach to buying and selling very disciplined.

Risk

As Europe comprises many different countries with diverse economies, investing in European equities has been more volatile than the UK stock market in the past. Risk management on this fund, however, is integral to the way the portfolio is constructed and, as a result, the fund has been less volatile than the European stock market under Vincent’s management. Investors should also be aware of the currency risk.

Our Opinion

BlackRock has one of the best and most extensive European teams, which has enabled Vincent to develop, and successfully implement, a rigorous and analytical process and this has seen the fund put in some strong performance figures. The strength of the team at BlackRock, combined with the skill of the manager, make this a strong proposition for investors wanting core European exposure.

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©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.