BlackRock soft-closes European Opportunities fund

BlackRock has soft-closed its European Opportunities Extension fund at £540m to protect investors.

The fund reached €681m (£540m) at the end of June, prompting the group to take steps to stem flows into the vehicle. A statement issued to investors read: "The fund has received strong levels of subscriptions this year, and during this time we have taken preliminary steps (including reducing marketing activities) to control the size to ensure it does not exceed its capacity. "As subscriptions have remained strong and the fund has continued to grow in size, we have decided to take further actions." Unitd in the fund have not been available to buy since 22 July, according to the corr...