BlackRock World Mining downgraded to Silver

INVESTMENT TRUST RESEARCH UPDATE: Morningstar analysts have downgraded this trust to Silver

Jackie Beard, FCSI 16 October, 2014 | 8:44AM
Facebook Twitter LinkedIn

We have downgraded the Morningstar Analyst Rating™ awarded to BlackRock World Mining (BRWM) to Silver from Gold. We continue to hold the management team in very high regard and believe they are standouts in their specialism. However, the collapse of London Mining has significant implications—both in terms of capital loss but also on future income. The board has made clear their commitment to the fund’s income level, but the loss of projected income from the royalty agreement with London Mining is a negative. While there are many positives at this fund, we feel that a Silver rating is now a better reflection of our conviction.

Find out more about how Morningstar analysts rate funds and investment trusts here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock World Mining Trust Ord537.00 GBX0.75Rating

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures