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BlackRock hard-closes European Opportunities Extension fund

BlackRock has hard-closed its £539m European Opportunities Extension fund after strong inflows this year.

The fund prevented new subscriptions from new and existing shareholders from 22 July to prevent the fund from exceeding capacity.

A communication to investors says: “Shares in the fund are no longer available for subscription to either new or existing shareholders.

“We have taken this decision to control the size of the fund, in accordance with the terms of the prospectus, to help ensure that the proceeds of subscriptions can be suitably invested and that existing investments can be efficiently managed.”

The fund is managed by David Tovey with support from co-managers Zehrid Osmani and Simon Hunter.

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