BlackRock Natural Resources Fund Q4 2024 Commentary
Source: SeekingAlpha
2025-03-20 07:01:00 ET
Summary
- BlackRock Natural Resources Fund posted returns of -9.09% (Institutional shares) and -9.17% (Investor A shares, without sales charge) for the fourth quarter of 2024.
- At the sector level, the allocations to mining, energy, and agriculture all contributed positively to relative performance.
- Overweight positions in diversified mining companies Glencore, Teck Resources, and Rio Tinto detracted from performance, with the stocks falling on investor uncertainty about potential U.S. trade tariffs disrupting economic growth and commodity demand.
Average annual total returns (%) as of 12/31/24
4Q24 (not annualized) | YTD (not annualized) | 1 Year | 3 Year | 5 Years | 10 Years | |
Institutional | -9.09 | -3.30 | -3.30 | 3.90 | 8.63 | 4.06 |
Investor A (Without Sales Charge) | -9.17 | -3.56 | -3.56 | 3.62 | 8.33 | 3.77 |
Investor A (With Sales Charge) | -13.93 | -8.62 | -8.62 | 1.77 | 7.16 | 3.21 |
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BlackRock Natural Resources Fund Q4 2024 Commentary
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