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

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

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock World Mining Trust plc415.00 GBX-1.66

About Author

Jackie Beard, FCSI

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

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