Citywire for Financial Professionals

Citywire Selection


BlackRock World Mining Trust

Citywire Selection verdict: This trust has suffered both from the declining value of mining companies which has affected the value of its holdings and also seen it go from a premium to a large discount over the same period. Nevertheless, the trust focuses on higher quality investments – predominantly large diversified miners – and as a result it has started to throw off a very attractive yield of more than 12%. This is considerably more than almost all income focused portfolios and makes investment enticing. This is not one for the faint hearted, but at some stage sentiment around the sector will improve and it’s extremely depressed price could represent a buying opportunity for the long-term investor.
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