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BlackRock Continental European Income

Elite Rated by FundCalibre

The fund managers look to identify undervalued stocks that offer reliable, sustainable dividends; potential dividend growth; and protection against inflation, with lower than average risk. The fund aims to deliver both an above-average yield and capital growth.

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.


Fund Manager

Alice Gaskell and Andreas Zollinger have worked together managing this fund since launch and are part of BlackRock’s highly-regarded European equity team. Alice has managed European equity portfolios since 1999, having previously worked at Merrill Lynch before it merged with BlackRock in 2006. Andreas also joined BlackRock from Merrill Lynch, where he worked from 2011 as a European analyst.


Our approach to equity income investing is different, capturing steady growth and low risk cash returns by investing flexibly across the economic cycle. We focus on dividend reliability and, while our strict quality criteria do not change, the types of companies which qualify for inclusion do.

Andreas Zoellinger - Fund Manager

The Investment Process

The investment process is focused on fundamental company analysis, with a strong awareness of macroeconomic trends. The mandate is flexible with regard to company size and country, and the managers will move away from the benchmark when necessary to protect total returns and ensure a superior yield.


As part of the portfolio construction, the managers follow a rigorous risk control process to reduce volatility while maximising rewards, resulting in a fund that is less volatile than the index. Investors should also be aware of the currency risk.

Our Opinion

BlackRock’s strong European team and the fund managers’ extensive experience combine to produce an impressive European fund, which pays an above-average yield with below-average volatility.

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