Morningstar Fund Ratings: Weekly Round-up

ANALYST RATINGS: This week fund analysts reveal a downgrade for BlackRock Emerging Europe, which is being put into liquidation

Morningstar Analysts 21 August, 2018 | 10:10AM
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BlackRock Emerging Europe (BEEP) - Neutral

Lena Tsymbaluk

BlackRock has announced its plans to put BlackRock Emerging Europe into voluntary liquidation. Shareholders of the investment trust are offered the option of electing any combination of: receiving cash at net asset value less costs and rolling their investment into new C shares to be issued by the Neutral-rated BlackRock Frontiers investment trust.

This does not affect Luxembourg-domiciled BGF Emerging Europe, which is currently at €860 million and will continue to be managed by Sam Vecht with the same approach.

BlackRock Frontiers is a different proposition than BlackRock Emerging Europe, as it offers frontier-markets exposure. However, BGF Emerging Europe, rated Bronze, is a viable alternative for investors who can access such a vehicle.

Given that BlackRock Emerging Europe will no longer be an investment proposition, we are moving its Morningstar Analyst Rating to Neutral from Bronze.


The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BlackRock Frontiers Ord149.24 GBX-2.77Rating

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