One to Watch: BlackRock Continental European Income

BlackRock's Continental European Income fund was launched in May last year at a time when Europe was the last place many investors wanted to be, but this was part of the appeal, according to fund manager Alice Gaskell.

She said while the situation in Europe will continue to be slow and painful, the fund aims to take advantage of the valuation anomalies created by this environment. Just over a year after its launch, the fund has returned 7.8% to investors, putting it comfortably in the top quartile of the IMA Europe ex-UK sector. “We launched this fund over a year ago and could see Europe was coming into a period of stress and was an environment offering a yield opportunity. “There was a need for a different kind of equity product in Europe, and in particular with an attractive yield because of what w...