BlackRock Inc.’s Evy Hambro , whose gold fund in Europe has beaten most of its rivals, started the firm’s first gold mutual fund in the U.S. as demand for the metal rises on concern that global economic growth is slowing.
Train drivers employed by Rio Tinto Group to haul iron ore across Australia’s outback make about the same money as surgeons in the U.S. It’s little wonder the mining company will replace them with robot locomotives.
BlackRock Inc.’s Evy Hambro, who manages the $8 billion World Mining Fund, expects more heads of gold producers to exit as companies book further writedowns after the metal’s biggest quarterly drop in more than 90 years.
Evy Hambro, portfolio manager of BlackRock Inc.’s $16 billion World Mining Fund, said he’s been adding “significantly” to his holdings in the past few weeks as mining-stock valuations are “unrealistically low.”
BlackRock Inc.’s Evy Hambro, manager of the $7 billion World Mining Fund including BHP Billiton Ltd. shares, said recent events in the world potash market make the company’s plans to mine the fertilizer ingredient unattractive.