BlackRock Commodities Income has published results for the year ended 30 November 2015. It will come as no surprise, given how weak the resources sector has been (the Brent oil price fell by 38% and key industrial commodities copper and iron ore plunged by 29% and 40% respectively), that the company had a poor year, returning -29.4%. The share price returned -34.8%. Over the same period, the Euromoney Global Mining Index and MSCI World Energy Index returned -38.9% and -12.1% respectively. They paid a dividend of 6p and are targeting a maintained dividend for the current financial year.
Disappointingly, there is nothing in the extensive managers’ report about the performance of individual holdings.
BRCI : BlackRock Commodities hit by weak resources sector