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Buy into BlackRock World Mining's recovery

Buy into the commodity recovery with BlackRock World Mining Trust
Buy into BlackRock World Mining's recovery

BlackRock World Mining Trust (BRWM) has had a torrid history involving asset write-downs and a commodity sector rout. But it has emerged through the other side with a repaired balance sheet, improved dividend cover and diversified portfolio, making it a solid choice for high-risk income investors.

IC TIP: Buy at 386.75pp
Tip style
Income
Risk rating
High
Timescale
Long Term
Bull points

Good recent performance
Increased dividends
Sector recovery
Diversified portfolio

Bear points

Volatile sector
Long-term underperformance

BlackRock World Mining had a tough period between 2011 and 2015. In 2013 it was forced to write off its investment in the Marampa mine and a convertible bond both issued by iron ore producer London Mining, and the trust was hit by a stark downturn in commodities throughout 2011-15.

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