9th May 2016 11:17
LONDON (Alliance News) - Investment trusts such as Polo Resources Ltd, Golden Prospect Precious Metals Ltd, BlackRock World Mining Trust PLC and UIL Ltd were boosted as the London mining sector's recovery extended into April, according to research firm QuotedData.
Polo Resources, the AIM-listed natural resources and mine development investment company, saw its share price rise by 28.4% in April, according to QuotedData's monthly roundup, while Golden Prospect Precious Metals, the Guernsey fund which invests in gold and precious metals companies, on the other hand, saw its net asset value grow by 25.6% that month.
BlackRock World Mining Trust, the actively managed investor in mining and metal assets with an aim of maximising total returns, saw both its share price and net asset value move higher in April. Its share price rose 14.6%, while its net asset value rose by 16.2%, QuotedData said.
UIL, a closed-end Bermuda incorporated investment company established as a successor company to Utilico Investment Trust PLC, saw its shares increase by 11% and its net asset value by 19.4%.
By Samuel Agini; [email protected]; @samuelagini
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