Audio Note | BlackRock World Mining: Digging deep and riding high

While the sector may be highly cyclical and has at times had its ‘wilderness years’, a diversified allocation to commodities has consistently proved its strong performance potential, making it a solid choice to tuck away for long-term, inflation-beating returns. With a track record of more than 30 years, BRWM is the granddaddy of the AIC’s Commodities & Natural Resources sector, producing NAV and share price total returns in excess of 2,000% from inception to 31 December 2025 (FY25). Its ‘virtual mining company’ strategy allows it to respond to shifts in demand and supply more quickly than a physical mining company ever could, enabling its investors to benefit from global megatrends including AI, resource security, defence spending and power grid renewal. The highly experienced co-managers, who have worked together on the trust for over a decade, are backed up by one of the largest and best-resourced sector specialist teams in the investment world.