Overview
BlackRock Energy and Resources Income Trust (formerly BlackRock Commodities Income : BRCI) tries to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sector. When changing the name of the trust in May 2019. The board said “the company’s investment universe consists predominantly of energy and mining equities as opposed to commodities. The name change reflects the portfolio managers having begun to build exposure to companies expected to benefit from the move towards
a lower carbon global economy.”
you can access the company’s website here
Fundamentals
Price
Research History
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14 Sep 2023 41 min read
QuotedData’s Economic and Political Monthly Roundup September 2023
Economic and Political Monthly Roundup Investment companies | Monthly | September 2023 August was a moderately volatile month for markets as the economic picture in China worsened. Developed markets held up better than emerging markets. Yields on US government debt rose. Oil prices edged up, but the big jump was in natural gas prices as […]
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09 Mar 2023 64 min read
QuotedData’s Economic and Political Monthly Roundup March 2023
Economic and Political Monthly Roundup Investment companies | Monthly | March 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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09 Feb 2023 40 min read
QuotedData’s Economic and Political Monthly Roundup February 2023
Economic and Political Monthly Roundup Investment companies | Monthly | February 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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03 Nov 2022 8 min read
QuotedData’s Investment Companies Roundup – November 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn November 2022 Monthly | Investment companies Winners and losers in October 2022 Many equity markets recovered some of the ground lost in September. The swift departure of Liz Truss and her unfunded tax cuts helped the UK stock market and sterling. North America […]
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10 Aug 2020 4 min read
QuotedData’s Economic Roundup – August 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Mar 2020 6 min read
QuotedData’s Economic Roundup – March 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Feb 2020 7 min read
QuotedData’s Investment Companies Roundup – February 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over January: An annual overview note on Shires Income (SHRS) “Shires Income (SHRS) will […]
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07 Aug 2019 5 min read
QuotedData’s economic roundup – August 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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05 Jul 2019 3 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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22 Feb 2019 1 min read
QuotedData’s economic roundup – February 2019
QuotedData’s economic roundup – February 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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15 Aug 2018 1 min read
QuotedData’s Economic round up – August 2018
QuotedData’s Economic round up – August 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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07 Feb 2018 1 min read
QuotedData’s economic round up – February 2018
QuotedData’s economic round up – February 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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03 Aug 2017 2 min read
QuotedData’s economic round up – August 2017
QuotedData’s economic round up – August 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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15 Mar 2017 1 min read
QuotedData’s round up of views on the global economy – March 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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08 Dec 2014 1 min read
Commodities & Natural Resources
Specialist Commodities and Natural Resources Please click on the link above for the first of what will be a regular series of articles focusing on a particular area of the investment companies market. This month the theme is the Specialist Commodities and Natural Resources sector.
News
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03 Feb 2025 10 min read
BlackRock Energy and Resources Income benefits from M&A activity
BlackRock Energy and Resources Income (BERI) has published its annual results for the year ended 30 November 2025, during which it provided NAV and share price total returns of 15.3% and 14.0% respectively, both significantly ahead of the internal benchmark that BERI uses to evaluate its performance (performance is measured against a blended comparator index […]
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22 Jan 2025 3 min read
BlackRock Trusts off limits for Saba until at least 2027
Separately, the boards of BlackRock World Mining (BRWM), BlackRock Energy and Resources Income (BERI), BlackRock American Income (BRAI) and BlackRock Smaller Companies (BRSC) have all issued statements this morning that say they have entered into agreements with Saba Capital Management LP, under which Saba has given a number of undertakings to each trust as follows: […]
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02 Dec 2024 4 min read
QuotedData’s morning briefing 2 December 2024 – SBSI, GSEO/ENRG, TRY, SBO, FP., BERI, DNE, IGET, ARR/ATS, INPP
Schroder BSC Social Impact (SBSI) has adopted the “Sustainability Impact” label and will continue to be considered an “impact fund” under the FCA’s Sustainability Disclosure Requirements and investment labelling regime. VH Global Sustainable Energy Opportunities has changed its name to VH Global Energy Infrastructure with effect from today, and its ticker will be changed to […]
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26 Nov 2024 3 min read
Baillie Gifford European Growth optimistic despite challenges over 2024
Baillie Gifford European Growth Trust (BGEU) announced its annual results for the year ended 30 September 2024. The company delivered a NAV total return of 12.1% compared to a total return of 15.3% for the comparative index. The share price total return was 9.3%. At the time of publishing, the company’s discount sat at 17%. […]
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15 Sep 2023 4 min read
QD view – Opportunities in commodities?
From April 2020 to June 2022, the energy transition and the war in Ukraine combined to generate a significant surge in commodity prices. Since then, commodities have struggled, weighed down by the weakness of China’s economic recovery and mixed economic data across the globe. More recently, however, they have started to tick higher once again. […]
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02 Feb 2023 1 min read
Spectacular year for BlackRock Energy and Resources
For the 12 months ended 30 November 2022, BlackRock Energy and Resources Income reported an NAV return of 44.5% and a return to shareholders of 44.8%. Given the weakness in markets of all kinds last year, this is an impressive result, especially as it now means that the trust has doubled in two years. The […]
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05 Aug 2022 4 min read
QuotedData’s morning briefing 5 August 2022
In QuotedData’s morning briefing 5 August 2022: Fidelity European (FEV) has announced its interim results for the six months ended 30 June 2022. During the period, FEV’s total return was -12.0%, which it says compares to a total return of -15.1% for the FTSE World Europe (ex UK) Index which is the Company’s Benchmark Index. […]
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03 May 2022 2 min read
QuotedData’s morning briefing 3 May 2022
In QuotedData’s morning briefing 3 May 2022: BlackRock Energy and Resources Income (BERI) is asking shareholders for permission to issue more shares after an upsurge of interest in the trust meant that it has already issued all the shares that it was given permission to at the last AGM. Blackstone Loan Financing (BGLF) generated a […]
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07 Mar 2022 2 min read
QuotedData’s morning briefing 7 March 2022
In QuotedData’s morning briefing 7 March 2022: In light of the Russian invasion of Ukraine, BlackRock on Monday, 28 February 2022, suspended the purchase of all Russian securities in its active and index funds. The boards of BlackRock World Mining (BRWM) and BlackRock Energy & Resources Income (BERI) confirm that the manager (BlackRock Fund Managers) […]
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04 Mar 2022 5 min read
QD view – Feeling resourceful?
I started writing this article a week ago – the day before Russia launched its invasion of Ukraine. With the events unfolding in Eastern Europe and a harsh increase in sanctions a foregone conclusion, I pressed pause on looking at the commodities and natural resources sector to focus on the immediate impact on trusts with […]
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04 Feb 2022 9 min read
BlackRock Energy and Resources Income benefits from traditional energy holdings
BlackRock Energy and Resources Income (BERI) has announced its results for the year ended 30 November 2021, during which it provided NAV and share price total returns of 34.4% and 41.7% respectively. In comparison, the EMIX Global Mining Index rose by 12.5% and the MSCI World Energy Index rose by 41.2% over the same period. […]
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05 Feb 2021 2 min read
BlackRock Energy and Resources Income making progress on transition
BlackRock Energy and Resources Income (BERI) has announced its annual results for the year ended 30 November 2020 which show that the trust is making progress on its transition to stocks that offer exposure to the transition in the energy sector, away from carbon-based energy supplies towards alternative and renewable sources. The implementation of this […]
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02 Jun 2020 1 min read
QuotedData’s morning briefing 2 June 2020
In QuotedData’s morning briefing 2 June 2020: Witan has published an analysis of its performance in 2020. “In broad terms, our 12% underperformance has been due mainly to the underperformance of our underlying portfolio (9%), exacerbated by being geared into a market fall (2%), with an additional 1% being the cost of the early repayment of […]
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06 Feb 2020 2 min read
BlackRock Energy and Resources Income reflects on year where mining outperformed energy
BlackRock Energy and Resources Income (BERI), formerly BlackRock Commodities Income, reported final results to 30 November 2019. Resources were mostly out of favour with investors, against a backdrop of low inflation and an increasing focus on climate change. NAV and share performance summary: NAV total returns were +4.4% Share price total returns were (1.3%) Manager’s review – […]
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29 Oct 2019 1 min read
QuotedData’s other news 29 October
In QuotedData’s other news 29 October – Bill Ackman-managed Pershing Square Holdings (PSH) has announced an additional share buyback program worth $100m of PSH’s outstanding shares on the London Stock Exchange and Euronext Amsterdam. PSH says the program will begin following the completion of the previously announced $100m buyback program. They add that the program […]
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29 Jan 2019 2 min read
BlackRock Commodities Income to ease up on option writing
BlackRock Commodities Income to ease up on option writing – BlackRock Commodities Income reports that, for the year ended 30 November 2018, the company returned 3.6% in NAV terms, outperforming both the MSCI World Energy Index which returned 3.5% and the EMIX Global Mining Index which returned 0.4%. However, a widening of its discount meant that the […]
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12 Dec 2018 1 min read
No tender offer for BlackRock Commodities Income
BlackRock Commodities Income has announced that its board has decided not to proceed with the discretionary semi-annual tender offer that was due in February 2019. The announcement doesn’t include the underlying rationale for the decision but says that, “Board has concluded that it is not currently in the best interests of shareholders as a whole […]
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30 Jan 2018 1 min read
BlackRock Commodities Income sticks with lower dividend
BlackRock Commodities Income sticks with lower dividend – Over the year to 30 November 2017, BlackRock Commodities Income delivered a negative return on net assets of 3.2% and the share price return was -4.4%. Over the same period, the Euromoney Global Mining Index rose by 8.9% and the MSCI World Energy Index fell by 4.1% […]
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02 Feb 2017 1 min read
BlackRock Commodities Income lags soaring resources sector
BlackRock Commodities Income has posted a 51.9% return on net assets for the year ended 30 November 2016. The return to shareholders was 51.4%. Over the same period, the Euromoney Global Mining and MSCI World Energy indices increased by 85.5% and 28.8% respectively (all data in sterling terms with income reinvested). The dividend for the […]
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17 Oct 2016 1 min read
Japan investment trusts lure hungry investors
Japan investment trusts have stormed the charts over the past month, with investors showing renewed confidence in the performance of Japanese corporates. read more here
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29 Jul 2016 1 min read
BlackRock Commodities Income targeting 5p dividend
During the six month period ended 31 May 2016 BlackRock Commodities Income’s net asset value returned 8.8% and the share price returned 9.2%. Since the period end and up until close of business on 22 July 2016 the Company’s NAV has increased by 21.8% and the share price has risen by 13.2% (with income reinvested).The disparity between […]
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18 Apr 2016 1 min read
Best and worst performing investment trusts: Unloved commodity, Brazil and Russia funds finally come good
Recovery in commodity prices has boosted investment trusts specialising in the sector Investors also hoping for Brazil revival if leader Dilma Rousseff is ousted Biotech and healthcare hit by fears Democrat party will squeeze drug prices if they win the US http://www.thisismoney.co.uk/money/investing/article-3542148/Unloved-commodity-Brazil-Russia-funds-finally-come-good.html
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16 Mar 2016 1 min read
London’s Natural Resources Funds Saw Gains In February
London-listed funds with exposure to commodities and natural resources saw their fortunes improve in February, according to analysis by research firm QuotedData. See more at: http://www.morningstar.co.uk/uk/news/AN_1458113487917777800/londons-natural-resources-funds-saw-gains-in-february—quoteddata.aspx#sthash.x209LJ8E.dpuf
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03 Feb 2016 1 min read
BlackRock Commodities hit by weak resources sector
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, […]
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18 Dec 2015 1 min read
BlackRock Commodities Income reaffirms dividend, cuts fees
The Board of BlackRock Commodities Income Investment Trust has set a target of an unchanged 6.00 pence per share dividend for the current financial year in light of current conditions in the commodity markets, volatility levels in the derivative markets and dividend prospects for the Company’s underlying investments. This target will be reviewed should there […]
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27 Jul 2015 5 min read
F&C Managed Portfolio sees both pools beat the UK market
F&C Managed Portfolio has published results for the year ended 31 May 2015. The NAV total returns for the Income shares were 10.0% and for the Growth shares 12.8% compared to the FTSE All-Share Index of 7.5%. The investment company sector, as measured by the FTSE Equity Investment Instruments Index, returned 13.0%. The annual dividend increased […]
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24 Jul 2015 1 min read
BlackRock Commodities Income extends slide
Over the six months ended 31 May 2015, BlackRock Commodities Income generated a negative return on net assets of -3.5%. The return to shareholders was -7.1%. The Euromoney Mining Index was off 5.8% and the MSCI World Energy index was -1%. Two quarterly interim dividends totalling 3p have been declared for the period, 0.8% higher […]
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17 Jul 2015 1 min read
World Trust’s biotech and China holdings help outperformance
World Trust Fund has announced results for the year ended 31 March 2015 that show it outperforming the MSCI All Country World Index and the MSCI All Country World ex USA Index. Over the year the fund returned 24.2% on net assets and 25.4% on share price as compared to 11.2% for the ex USA […]
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22 Jan 2015 1 min read
F&C Managed Portfolio benefits from strong investment company sector
F&C Managed Portfolio has announced results for the six months that finished on 30 November 2014. The FTSE All-Share Index returned -0.1% over that period but F&C Managed Portfolio Growth shares (FMPG) returned 4.3% and the F&C Managed Portfolio Income shares (FMPI) returned 3.0% over the period. This may be largely down to a good […]
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18 Jul 2014 1 min read
BlackRock Commodities Income : BRCI – Interim results
BlackRock Commodities Income , managed by Olivia Markham (pictured) with co-manager Tom Hall, has released its interim reports for the six months ended 31 May 2014. The total return on the net asset value for the period was 7.9%, whilst share the total return on the share price was 5.2%, reflecting a widening of the discount during the period. […]
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27 Jan 2014 1 min read
BlackRock Commodities Income : BRCI – Annual results
BlackRock Commodities Income’s full year results for the 12 months to the end of November 2013 reflect a difficult period for investors in commodity related assets but were well ahead of its benchmark. The net asset value total return was a decline of 5.9%. the share price return was negative 6.0%. By contrast the Euromoney Global Mining […]
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20 Jan 2014 1 min read
BlackRock Commodities Income : BRCI – change of manager
BRCI’s manager who has managed the fund since it was launched in 2005, Richard Davis, has stepped down as portfolio manager. The Board have agreed with BlackRock that the new manager will be Olivia Ker, assisted by Thomas Holl who was also deputy manager to Richard Davis.
Upcoming Events
Videos
In The Press
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22 Jan 2025 1 min read
Blackrock trusts agree peace deal with Saba Capital
By: Elliot Gulliver-Needham, Investment Reporter, CityAM, 22 January 2025: A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign to take over the boards of several UK trusts. In a series of stock exchange announcements, the Blackrock trusts said that they had made an […]
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15 Feb 2023 1 min read
ISA ideas: alternatives to the most-popular funds and trusts
by Jennifer Hill from interactive investor, 15 February 2023: We ask a range of experts for potential fund substitutes for funds and trusts consistently high in demand, including Scottish Mortgage, Fundsmith Equity, City of London, and Vanguard LifeStrategy. Investing can be a fickle business as money follows the latest trend but analysis of the most-bought […]
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16 Jan 2023 1 min read
Investment trust insider on running last year’s winners
James Carthew: Some 2022 winners are worth holding onto this year I’m uneasy about the resilience of the recent stock market rally. Despite this, I think a few of last year’s big gainers could do well again in 2023. Against a difficult backdrop, only about a third of investment companies generated a positive share price […]
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20 Dec 2022 1 min read
Falling at the first hurdle
Cherry Reynard, Trustnet Magazine, 20 December 2022: There was widespread optimism in the world of investment trusts at the start of 2022… However, as soon as Russia invaded Ukraine in February, all bets were off. This set off a chain of events, with disruption to commodity markets pushing up inflation, leading to higher interest rates […]
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21 Apr 2022 1 min read
Discover the best and worst performing investment trusts so far in 2022
James Crux, Shares Magazine, 21 April 2022: Rising interest rates since the turn of the year, runaway inflation and Russia’s shocking invasion of Ukraine have shaken the investment kaleidoscope in 2022 and forced many investors to reposition portfolios for an increasingly uncertain world… COMMODITIES TRUSTS IN DEMAND Precipitated by the supply/demand imbalances caused as global […]
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20 Apr 2022 1 min read
Defensives doing well
Jennifer Hill, AIC Compass, 8 April 2022: Jennifer Hill analyses the sectors delivering robust returns. Russia’s invasion of Ukraine feels symbolic, not only of a marked change in the geopolitical landscape but also of a potential regime change in investing. With oil, gas, wheat and many metals soaring in price, already-stubborn inflation is likely to […]
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14 Mar 2022 1 min read
The trusts with the biggest discount/premium changes since the crisis
Kathleen Gallagher, Investment Week, 10 March 2022: Since Russia invaded Ukraine on 24 February, investment trusts have, unsurprisingly, seen big moves in their discounts and premiums, this is leading to some trusts looking expensive and others starting to look more appealing. The figures from the Association of Investment Companies and Morningstar excluded those with large […]
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22 Nov 2021 1 min read
WI Daily: October goes to commodities
In response to the UK inflation data, editor, Rory Palmer looks at another traditional inflation hedge – commodities What Investment, Rory Palmer, 18 NOV 2021 The latest inflation data announced on Wednesday revealed that UK CPI inflation was at 4.2% in October, up from a reading of 3.1% in September. In Tuesday’s WI Daily, I […]
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21 Jul 2021 1 min read
The four cheap trusts for bargain-hunting investors
Trustnet looks at the investment trusts that are looking cheaper than usual in July. By Rory Palmer, Reporter, Trustnet, 21 July 2021 Henderson Opportunities, Augmentum Fintech and BlackRock Energy and Resources were all significantly cheaper in June, according to QuotedData, and could represent good value for investors today. When a trust trades at a discount or […]