The commodities boom has been good to BlackRock World Mining, the FTSE 250 investment trust that is one of the most diversified ways for investors to gain exposure to the sector.
Despite the disruptions that Covid-19 has caused to many of the companies in which it invests, the trust shot the lights out in terms of performance last year and its shares have continued to make solid gains.
Just as well. The last time Tempus took a look at BlackRock World Mining, in November 2019, we avoided the shares following a period of patchy returns and against the backdrop of trade tensions between Washington and Beijing.
This time the context is fears of a rise in inflation and worries about how quickly the world’s economies