Blackrock Greater Europe Trust saw its net asset value (NAV) rise 9.4% in the six months to the end of February.

This compares with an increase of 4.7% in the FTSE World Europe ex-UK Index.

Since the period end, the company's NAV has increased by 10.8% and the share price has risen by 11.1%

Chairman John Walker-Haworth said: "The weak economic and financial condition of a number of European countries is set to continue for a period of time."

"However, these issues are not a concern for most major European countries in the Eurozone and with interest rates unchanged and a pledge to maintain record low borrowing costs for an extended period, European equities have recently risen to their highest level for eighteen months."

"The company will continue to invest in selected companies which should benefit from these trends."

Related share prices
BlackRock Greater Europe Inv Trust (BRGE) share price