BlackRock renames Commodities Income Trust

Now called BlackRock Energy and Resources Income Investment Trust

David Brenchley
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Olivia Markham said the change will provide a clearer picture of what the managers are investing in
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Olivia Markham said the change will provide a clearer picture of what the managers are investing in

BlackRock has renamed its Commodities Income Investment trust to the BlackRock Energy and Resources Income trust to "better reflect its investment universe".

The trust, BlackRock said, currently has a universe consisting predominantly of energy and mining equities, as opposed to commodities. The name change also reflects the fact that co-managers Olivia Markham and Tom Holl have started to build exposure to companies expected to benefit from the move towards a lower carbon global economy. Is 'big oil' failing to react to economic changes and investor demand? Markham said the change will provide a clearer picture of what the managers are investing in, while Holl hopes it will "encourage investors who might have been put off by historical...

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