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Blackrock Global Opportunities Equity Trust
BlackRock Global Opportunities Equity Trust is a publicly traded investment trust that is listed on the New York Stock Exchange (NYSE) under the ticker symbol BOE. The trust is a closed-end fund, which means that it has a fixed number of shares outstanding and does not redeem or issue new shares like an open-end mutual fund.
BlackRock Global Opportunities Equity Trust aims to provide long-term capital appreciation by investing in a diversified portfolio of equity securities of companies located in developed and emerging markets. The trust's investment manager, BlackRock Advisors, uses a bottom-up approach to select individual stocks, focusing on companies with strong competitive positions, high-quality management teams, and attractive growth prospects. The portfolio managers also consider environmental, social, and governance (ESG) factors when making investment decisions.
As of February 2023, the trust's portfolio consists of 63 holdings, with the largest positions in technology, healthcare, and consumer discretionary sectors. Some of its top holdings include Amazon, Alphabet (Google), Microsoft, Johnson & Johnson, and Alibaba Group.
The trust's trailing 12-month distributions per share were $1.61 as of April 2023, representing a 9.36% yield on its recent market price. Its net asset value (NAV) was $22.61 per share, and its market price was $20.52 per share, resulting in a 9.7% discount to NAV.
The trust's management team is led by Jeffrey A. Smith, Who has been its primary portfolio manager since 2005. The trust's expense ratio is 1.33% of its total assets, which is comparable to that of other closed-end equity funds.
BlackRock Global Opportunities Equity Trust has a long-term track record and has navigated various market environments since its inception in 2004. It has been a stable performer with a five-year annual return of 11.1%, outperforming the S&P 500, which returned 9.1% over the same period, as of February 2023.
Overall, BlackRock Global Opportunities Equity Trust can be a suitable investment for those seeking exposure to a diversified portfolio of global equities, with a long-term investment horizon. As with any investment, It is essential to conduct thorough research and consider your investment goals and risk tolerance before making a decision. It may also be advantageous to consult with a financial advisor or broker to determine if this trust is appropriate for your individual circumstances.