The fund has gone out of business as of the 06/14/2018. BlackRock Emerging Europe plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund primarily invests in the public equity markets of Emerging Europe, including Russia, Turkey, Central and Eastern Europe, and countries of the former Soviet Union. It focuses its investments across diversified sectors. The fund invests half of its portfolio in value stocks of large-cap companies and the rest is invested in smaller stocks in the more developed markets, or in leading companies in early stage markets. It employs fundamental analysis with a bottom-up approach to create its portfolio. The fund benchmarks the performance of its portfolio against MSCI EM Europe 10/40 Index. It was formerly known as The Eastern European Trust plc. BlackRock Emerging Europe plc was formed on 29 November 1994 and is domiciled in the United Kingdom.