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LONDON (Alliance News) - BlackRock World Mining Trust PLC Monday said it is performing favourably against its benchmark, as its total return on net asset value declined by less than its benchmark index.
The trust, which invests in mining and metal securities, said its undiluted net asset value declined 0.3% in the one month to September 30, while the HSBC Global Mining Index declined by 1.3%.
The trust's share price, on the other hand, gave a total return of 1.6% in the same period.
Its top holdings are Glencore Xstrata PLC and Rio Tinto PLC.
Between October 1 and November 14, the trust's NAV decreased by 0.1% and the share price by 3.4%, according the the trust.
BlackRock World Mining shares were Monday quoted at 477.11 pence, up 0.4%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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