Should You Buy This Mining Fund?

If technology stocks have risen this year, value shares, on which the UK market depends, have languished. Rio Tinto’s share price is down 25% since January 31, while that of BlackRock World Mining Trust (LSE:BRWM), with a market value of £1.1bn, has fallen by a fifth.

The reason is the disappointing performance of metal prices in 2023, as the global economy sputters. Nevertheless, Olivia Markham and Evy Hambro, BRWM’s co-managers, are as optimistic as ever about the long term.

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