Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

BlackRock shuts Evy Hambro’s small-cap mining fund

BlackRock shuts Evy Hambro’s small-cap mining fund

BlackRock has closed a fund that was launched just two years ago for Evy Hambro (pictured) after it failed to attract sufficient assets.

The BlackRock Mining Opportunities fund opened in 2012and targeted small and mid-cap miners. BlackRock confirmed the fund had recently suffered ‘large redemptions’ and shrunk below £1 million. The firm stated that this had left it uneconomic to manage.

Under Citywire + rated Hambro and co-manager Tom Holl, the Mining Opportunities fund lost 12.3% while the HSBC Global Mining index dropped 13.2% over the past year.

The fund had participated strongly in the mining recovery since the start of the year, returning 11.5% through January and February, ahead of the benchmark’s 3.7%.

The share price of its top holding, US gold specialist Romarco Minerals, has also more than doubled so far this year.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter