BlackRock buying iron ore miners
1. Tuesday March 24, 2015: Is global fund BlackRock calling the bottom for the iron ore price?
The highly-regarded investment giant has today emerged as a substantial shareholder in BHP, Rio Tinto and Mineral Resources with stakes of 5 per cent, 5.1 per cent and 7 per cent respectively.
Diary may well be accused of jumping to the obvious - and therefore the wrong - conclusion, but the common theme here appears to be iron ore.
Of course, we don't know how long BlackRock has been sitting quietly just under the 5 per cent substantial shareholder threshold in each case and therefore only relatively limited buying has been required to force its hand publicly.
Perhaps Evy Hambros, BlackRock's closely-watched manager of natural resources, will share his thoughts on these holdings, and therefore iron ore, in coming days.
Terwijl jullie ruzie maken zal ik het maar over waarvoor we hier zijn hebben ;)..
Op zich goed nieuws als een jongen als Blackrock dusdanig GROTE posities in ijzererts boertjes neemt.