Global Mining Investments

The company invests in natural resource companies across global markets. The investment strategy of the company involves evaluating the outlook and trends in demand and supply for metals and minerals. The manager believes that this understanding will be useful in asset allocation decisions and portfolio construction. Microeconomic factors will also be considered in making investment timing decisions. The manager will use equilibrium metal price models to smooth out the cyclical aspect of the earnings of prospective investments. This model identifies commodity prices at which invested capital earns sufficient returns to justify continued production. Deviations from this equilibrium price will lead to over or underproduction thus causing price volatility. By using equilibrium prices the manager believes that it can apply valuation methods with more confidence. The manager will adopt a team based approach to stock selection, which involves financial modelling of individual companies combined with a qualitative review of macro indicators. The process involves company specific research, application of valuation methods and reviewing factors such as management quality, political risk, liquidity and volatility. Initial screenings will involve a review of the companys ore reserves.

Key stats

Management firm  BlackRock
Domicile  Australia
Global Branding Name  BlackRock
Fund Status  OBSOLETE
Fund currency  AUD
Launch Date  2004-04-08
Obsolete Date  2012-11-28
ISIN  AU000000GMI8
Fund Strategy  Equity World Large Growth
Benchmark  MSCI World Ex Australia NR AUD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2012-09-30
Return - 1 Month  6.19%
Return - 2 Months  8.42 %
Return - 3 Months  1.98%
Return - 6 Months  -14.17 %
Return - 9 months  -10.43 %
Return - 12 Months  -10.43%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  -5.90 %
Annualized return 60 months  -13.51 %
Return 120 months  0.00 %
Annualized return since Inception  0.00%
Return YTD  -10.43%

Charges

Initial  0.00 %
Maximum Managment Charge  1.25 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  BlackRock Funds
Contact Address 2  P.O. Box 9819
Contact city  Providence
Contact country  United States
Fund Admin Group  BlackRock
Web Address  www.blackrock.com
Email contact  funds@blackrock.com
Phone  800-441-7762

Price

Last Price Date  2012-11-26
Pre-tax nav  0.99
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

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