Email of the day (1)
Comment of the Day

April 15 2010

Commentary by Eoin Treacy

Email of the day (1)

on mining funds listed in Australia

"In line with Fullermoney themes .Here's another Mining related investment vehicle worth a look. Global Mining Investments (GMI) ,is managed by Black Rock and listed on ASX .They are trading at A125c when asset backing at 31 March was $1.47 ($1.41 after tax prov).Asset backing is probably currently over 150c, using share price movements since end March. Major holdings in Vale,BHP,Rio etc."

Eoin Treacy's view

Thank you for pointing out the Australian listing of Blackrock's World Mining Trust both of which can be found in the Chart Library. The difference in performance between the two funds can be explained by the Australian Dollar's strength relative to the Pound.
 

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