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BlackRock European Dynamic

Elite Rated by FundCalibre

This fund invests in companies of all shapes and sizes across Europe. Given the size of the fund, it is relatively concentrated in around 50 stocks. The manager looks for companies that are either undervalued and/or have good growth potential.

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

Alister has more than 18 years of investment experience, having joined BlackRock in 2008 after time spent at Scottish Widows Investment Partnership and Invesco Perpetual, where he also managed European equities. He is part of BlackRock’s 13-strong European equity team.

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Ultimately, I like franchises whose 2-3 year earnings power is fundamentally under appreciated by the market.

Alister Hibbert - Fund Manager

The Investment Process

Alister’s focus is on companies with a likelihood of earnings and growth surprise, taking investment opportunities as they arise. He is unconstrained with regard to company size and sector and invests in companies with medium to long-term earnings power that is greater than the market and also those in a restructuring and turnaround situation.

Risk

Single stock weightings are typically 2-3% below or above the benchmark weighting to make sure risk is not dominated by any particular stock. Alister employs a strict sell discipline. Investors should also be aware of the currency risk.

Our Opinion

The European team at BlackRock has delivered very impressive performance across their European equity fund range and Alister’s successful research process reflects this. 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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