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Blackrock World Mining Trust Underperforms Against Benchmark
LONDON (Alliance News) - Blackrock World Mining Trust PLC Thursday said its net asset value underperformed against its benchmark in the first quarter of 2014.
The mining investment company said its undiluted net asset value on a total return basis fell by 1.0% in the three months ended March 31, whilst its benchmark Euromoney Global Mining Index increased 0.9%.
Blackrock World Mining Trust said its net asset value including income was 481.02 pence and its capital only net asset value was 475.95 pence at the end of March.
Despite this, the company said its share price increased 2.4% during the period. On Thursday its share price increased 1.3% to 465.80 pence.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
Copyright 2014 Alliance News Limited. All Rights Reserved.
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