BlackRock BGF World Mining Fund(LU0252968341)
- Equities
- Commodities
- Global
- USD Cash
- Accumulating
The Fund seeks to maximise total return by investing primarily in equity securities of mining and metals companies globally whose predominant economic activity is the production of base metals and industrial minerals such as iron ore and coal, and mi...
Provides diversified exposure to the global mining sector via investments in the equities of mining companies. The investment universe ranges from large, diversified mining companies such as Glencore, to mining companies specifically focusing on a single metal. Provides investors with a certain degree of diversification benefits due to its moderate correlation with the MSCI ACWI and Bloomberg Global Aggregate indices.
Co-managed by Evy Hambro and Olivia Markham. Having spent his entire career at BlackRock, Evy is the Managing Director and Global Head of Thematic and Sector-based investing and has been running the Fund since its inception in 1997. Olivia joined Blackrock in 2011 and took on management duties in 2015. Prior to joining BlackRock, she was the Head of the European Mining team at UBS with lead coverage of the UK diversified miners. Evy and Olivia are also supported by the broader Thematics, Sectors and Impact team that has 28 people with over 100 years of combined investment experience. Six of the team’s fifteen portfolio managers/analysts also specifically cover the energy and sustainable energy sectors.
The Fund’s performance has largely mirrored that of the mining sector and is inherently volatile.
The team invests through the natural resources investment cycle, combining bottom-up fundamental analysis of companies with a top-down macro and industry overlay. Specifically, the team focuses on identifying trends that will impact the supply/demand balance of the underlying commodities by monitoring the regulatory environment and analysing market sentiment. Different sources of returns are generated via investments in companies with strong growth potential and long-term sustainable business models, relative valuation and re-rating potential plays, turnaround stories and commodity/macroeconomic tilts.
Investors looking to diversify their portfolio by having a tactical allocation to global mining equities can consider the Fund as a satellite exposure. Due to the nature of the mining sector, investors should be aware that the Fund will experience periods of significant volatility with lumpy annual returns and substantial drawdowns. Investors should always be mindful of the risk profile and ensure that their portfolio is well diversified.
Daily data. Returns as of 17 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 16.4% | 9.2% | -14.7% | 3.8% | 5.8% | -11.7% | 1.1% | 17.5% | - | - | - | - |
| 2025 | 71.7% | 4.1% | -1.8% | 3.4% | 0.8% | 4.0% | 3.7% | 1.5% | 11.0% | 13.7% | 0.6% | 7.2% | 8.2% |
| 2024 | -10.2% | -5.8% | -6.2% | 8.8% | 5.9% | 3.2% | -6.2% | 0.7% | 0.7% | 8.4% | -6.0% | -2.1% | -10.0% |
| 2023 | 0.3% | 10.7% | -8.7% | 1.8% | -2.0% | -8.6% | 6.4% | 6.4% | -7.5% | -2.2% | -7.0% | 6.7% | 7.3% |
| 2022 | 1.8% | -1.3% | 13.3% | 9.6% | -8.6% | -1.0% | -20.7% | -1.5% | 0.5% | -5.0% | 5.1% | 18.7% | -1.3% |
| Load more | 5 of 21 | ||||||||||||
| Rio Tinto PLC Ordinary Shares | 7.78% |
| Glencore PLC | 7.57% |
| BHP Group Ltd | 5.08% |
| Anglo American PLC | 4.83% |
| Barrick Mining Corp | 4.74% |
| Freeport-McMoRan Inc | 4.64% |
| Nucor Corp | 4.63% |
| Agnico Eagle Mines Ltd | 4.61% |
| Newmont Corp | 4.44% |
| Vale SA ADR | 3.83% |
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