Disclaimer
Disclosure – Non-Independent Marketing Communication
This is a non-independent marketing communication commissioned by BlackRock World Mining. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
00:00 Introduction
00:18 Overview of BlackRock World Mining (BRWM) and current weightings
01:30 Allocation to private assets. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. Please note that diversification and asset allocation may not fully protect you from market risk.
02:32 Why the sector lends itself to active management. Please note that diversification and asset allocation may not fully protect you from market risk.
03:30 Recent drivers of copper, gold and silver prices. Please note that any forward-looking statements/estimates may not come to pass.
07:31 Outlook for demand from China
09:35 Thoughts on M&A in the mining sector
10:56 Future commodity demand from the energy transition and AI revolution
13:28 Likely rise in expansionary capex
14:25 Further information
14:50 Risk warning
Sources:
- Recent drivers of copper, gold and silver prices: Markets Insider, China leads gold buying, 31/10/24.
- Outlook for demand from China: LSEG, Assessing China’s dominance in global commodity markets, 31/05/24
- Morningstar, China Will Keep a Lid on Most Commodities, 01/04/15.
Risk Warnings
Investors should refer to the prospectus or offering documentation for the funds full list of risks.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
Trust-specific risks
Counterparty Risk
The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Fund to financial loss.
Currency Risk
The Fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment.
Emerging Markets
Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund.
Gearing Risk
Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.
Gold / Mining Funds
Mining shares typically experience above average volatility when compared to other investments. Trends which occur within the general equity market may not be mirrored within mining securities.
