Citywire for Financial Professionals

Citywire Selection

Commodities

BlackRock World Mining Trust

Citywire Selection Verdict: Despite the sustained negativity surrounding commodities equities this fund has steadily risen from a large discount to a premium in recent months. This may mark a sea change in investors attitudes to a sector that has failed to recover from the shock of slower growth of emerging nations in the post credit crisis era. 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 close to 5%. This is considerably more than many income focused portfolios and makes investment enticing. Be warned though, despite the improvement in sentiment any set back in growth figures will hit this sector hard. However its fortunes are considerably rosier than they have been at any point over the past few years.
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