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BLACKROCK GF WORLD GOLD A2 USD

BLACKROCK GF WORLD GOLD A2 USD - Overview

Overview of BLACKROCK GF WORLD GOLD A2 USD

This fund provides exposure to a portfolio of precious metal stocks managed by an experienced and specialist investment team. Commodities, gold and other precious metals have historically tended to have a lower correlation with broad equity markets and consequently have their uses as a means of portfolio diversification. However, at the same time the asset class can be very volatile.

  • Standard Initial Charge 5.00%
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector
Structure OFFSHORE FUND
Launched December, 1994
Size £2,932m
Yield 0.0%
Charging basis
Dividends paid

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.75%
Ongoing charges figure 2.07%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 0
High yield bonds 0
Quality bonds 0
Property 0
Commodities 98
Hedge 0
Fund cash 2
Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 46
Mid Caps 42
Small Caps 12

View all performance data for this fund

Investment process

No information available.

Live feed

Bid price(inc) (1,069.07p) 2,835.34p
Accum units 2,835.34p
Fund commentary 19/02/09
Fund data updated on 01/07/16

Asset allocation

Allocation Proportion(%)
Equity 0
High yield bonds 0
Quality bonds 0
Property 0
Commodities 98
Hedge 0
Fund cash 2

Equity Geographic

Allocation Proportion(%)
UK 0
Europe 0
North America 0
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 46
Mid Caps 42
Small Caps 12

Top 10 holdings

No information available.

Sector breakdown

Portfolio details

No information available.

Constraints

The portfolio usually has very little commonality with the Index and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
11/12 12/13 13/14 14/15 15/16   3 years 5 years Career 3 years 5 years Career
-0.06% 0.87% 0.87% 0.40% -0.70%   0.19% 0.28% 0.39% 66.30% 75.80% 99.40%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Evy Hambro

Manager. Hambro is a Managing Director of BlackRock. He is a member of BlackRock's Natural Resources Equity team and is responsible for the BGF World Gold and the BGF World Mining Fund. He is also co-manager of BlackRock's Natural Resources Hedge Fund. Hambro joined Merrill Lynch Investment Managers in 1994, which merged with BlackRock in 2006. Hambro has a BSc degree, with honours, in marketing, from Newcastle University.

Track record

Evy Hambro has 21.4 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.39%. During the worst period of relative performance (from November 2014 - April 2016) there was a decline of 21% relative to the index. The worst absolute loss has been 69%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance
Absolute -69% (December 2010 - July 2015)
Relative -21% (November 2014 - April 2016)

Sector record since January 1995 (21 yrs)




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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