Top 5 Best Performing Investment Trusts of 2016

Which investment trusts have delivered top returns for their shareholders this year? Commodities, mining and gold related closed-end funds are among the top performers

Emma Wall 20 December, 2016 | 2:48PM

BlackRock World Mining (BRWM)

Return YTD – 89%

Recent years have been challenging for this Silver Rated trust's management and its shareholders. This was particularly the case in 2014 when the board made the decision to write down to zero the holdings in both the London Mining Marampa royalty contract and convertible bond, totaling over £52 million. But shareholders have been rewarded for their loyalty in 2016 – as the trust is crowned best performer of the year. Should commodity prices continue to rally, as many multi-asset fund managers predict, including Schroders’ Marcus Brookes, this trust may finally be in the red after five calendar years of losses.

The trust currently trades on a 6.8% discount.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Energy and Resources Income49.99 GBX7.73
BlackRock World Mining Trust plc275.00 GBX2.61
Golden Prospect Precious Metal Ord24.98 GBX-1.67
JPMorgan Brazil Ord40.00 GBX-4.31
JPMorgan Russian Securities Ord539.80 GBX3.02

About Author

Emma Wall  is former Senior International Editor for Morningstar

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