The BlackRock Continental European Equity Tracker Fund has been removed from the Core Tracker list, our favourite tracker funds across the main sectors at the lowest prices.
The fund offers a low cost way to passively invest in European companies, tracking the FTSE World Europe ex-UK Index. The Class H unit on the Core Tracker list currently has an annual ongoing charge of 0.13%.
Percentage growth of the BlackRock Continental European Equity Tracker Fund over five years
Past performance is not a guide to future returns. Source: Lipper IM to 02/01/2015*. Class H units of BlackRock Continental European Equity Tracker were recently launched in February 2014. We have therefore shown the performance of the Class L units of BlackRock Continental European Equity Tracker (Ongoing Charge currently 0.23%)
We decided to remove the fund from our Core Tracker list largely because of cost. The BlackRock fund was added to the Core Tracker list in March 2014 and over this time it has tracked its index closely and accurately. It has an annual Ongoing Charge of 0.13% which, when launched, made it one of the lowest cost European tracker funds available to UK investors. However competition between fund managers has resulted in other groups lowering charges significantly in recent months.
Fund charges can have a significant impact on performance over longer investment timeframes, therefore we prefer funds with lower costs. However we still believe that this fund is of very high quality and we have faith in BlackRock's management.
|Annual percentage growth|
| Jan 10 -
| Jan 11 -
| Jan 12 -
| Jan 13 -
| Jan 14 -
|BlackRock Continental European Equity Tracker (L)||6.24%||-14.97%||17.19%||20.78%||1.25%|
Past performance is not a guide to future returns.
We believe the BlackRock Continental European Equity Tracker Fund remains a good quality investment, which will continue to track its index well in future, and its ongoing charge of 0.13% is still competitive, albeit not the cheapest. This should not be taken as a signal to make any changes to a portfolio - investors should make their own decisions about whether or not a fund remains suitable for their personal objectives.
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