DSP BlackRock World Mining Fund

1. DSP BlackRock World Mining Fund
April 2011

2. DSP BlackRock World Mining Fund: Product Structure
BlackRock Global Funds (BGF)
World Mining Fund
Indian Investors
USD 17.8 billion
Source: BlackRock; AUM of BGF – WMF as on March 31, 2010
2

3. Sectoral Diversification
BlackRock Global Funds (BGF)
World Mining Fund
Sectors in which the fund typically
invests in:
• Iron Ore
• Copper
• Aluminum
• Energy Coal
• Metallurgical Coal
• Gold
• Nickel
• Platinum
• Diamonds
3

4. Evolution of World GDP
A History of World GDP
70
60
50
% of Total, 1990 $ at PPP*
40
30
20
10
0
1 1000 1500 1600 1700 1820 1870 1900 1913 1940 1970 2008
China India Japan US France Germany Italy Britain
*Purchasing power parity
Sources: Angus Maddison, University of Groningen; The Economist
4

5. Mining equity markets in 2011
Mining equity performance YTD
115
HSBC Global Mining Index: 3.2% Japanese earthquake
110
105
100
Rebased to 100
95
90
85
80
HSBC Global Mining Index
75 HSBC Global Mining (Base Metals)
HSBC Global Mining (Coal)
HSBC Global Mining (Diversified)
70
HSBC Global Mining (Gold)
HSBC Global Mining (Uranium)
65
60
1
1
1
1
1
1
1
1
1
0
1
11
11
11
11
-1
-1
-1
-1
-1
-1
-1
-1
-1
-1
-1
-
-
-
-
pr
pr
ec
ar
ar
ar
ar
eb
eb
eb
eb
an
an
an
an
-M
-M
-M
-M
-A
-A
-D
-F
-F
-F
-F
-J
-J
-J
-J
01
08
31
07
14
21
28
04
11
18
25
04
11
18
25
5

6. Demand-side dynamics
2009 regional breakdown of global commodity demand Copper Demand
OECD EM ex China China 20,000 100%
100%
Thousand Tonnes
9% 16,000 80%
32% 39% 37% 39%
% of global demand
80% 40% 12,000 60%
35% 53%
60% 8,000 40%
22%
26% 31% 27% 4,000 20%
40% 37%
18%
0 0%
56%
46%
2007
2008
2009
2010*
2011*
2012*
2013*
20% 35% 32% 33% 29% 25%
0%
OECD (LHS) EM ex China (LHS) China (LHS)
Crude oil Nickel Aluminium Copper Zinc Iron ore Steel
OECD % of total EM ex China % of total China % of total
Chinese and Indian Thermal Coal Imports Sea-borne Iron Ore Demand
250 1,200 100%
200 China 1,000 80%
Million Tonnes
Million Tonnes
India 800
150 60%
600
100 40%
400
50 200 20%
0 0 0%
2010*
2011*
2012*
2007
2008
2009
2007 2008 2009 2010* 2011* 2012* 2013* 2014* 2015*
Source: Deutsche Bank, March 2011. *Forecast data
Global demand growth driven by China AND other Emerging Market economies
6

7. Supply-side dynamics
Challenges to forecast copper production:
Supply constrained by:
Increasing depth, decreasing grade and higher risk
• Average mined grades falling Open-pit production Average grade Production capacity in
low risk regions
74%
• Infrastructure challenges 1.17%
88%
• Geopolitical challenges
• Discovery rates falling 60%
1.03%
80%
• Shortage of skilled labour
• Long lead times on equipment
2009 2025E 2009 2025E 2009 2025E
Source: Rio Tinto, October 2009, based on Brook Hunt data
Challenges to forecast bulk commodity production:
Growth constrained by congestion on roads, rail and at ports
Source: BBC, Queensland National Rail, Internal
7

8. Short term events driving spot prices higher
• Markets are tight across a number of key commodities
Snow impacting supply routes in Canada
• Short term disruptions such as flooding and snow have
magnified impact on prices
• So far in 2011 this has impacted
– coking coal,
– iron ore
– thermal coal (to a lesser extent)
Flooding in Queensland impacting coking coal operations
8

9. Coal prices
Coking Coal Pricing Thermal Coal Pricing
450 220
400 200
350 180
160
300
$/tonne fob
$/tonne fob
140
250
120
200
100
150 80
100 60
50 40
0 20
May 10
Aug 10
Mar 11
Apr 04
Nov 04
Apr 06
Aug 06
Nov 06
Apr 08
Aug 08
Nov 08
Mar 07
Mar 09
Jan 03
Nov 03
Feb 04
Jun 04
Jan 05
Nov 05
Mar 06
Jun 06
Jan 07
Nov 07
Mar 08
Jun 08
O ct 08
Jan 09
May 09
Nov 09
Mar 10
Jun 10
O ct 10
Jan 11
Oct 09
Jun 07
Sep 07
Jan 08
Jun 09
Jan 10
Dec 10
Jan 04
Jul 04
Feb 05
Jun 05
Sep 05
Jan 06
Sep 04
Sep 06
Apr 03
Aug 03
Apr 05
Aug 05
Apr 07
Aug 07
Aug 09
Spot Coking Coal Price Contract Coking Coal Price Chinese Domestic HCC Richards Bay FOB Newcastle FOB
Source: Macquarie data as at 1st April 2011
Source: Macquarie data as at 25 March 2011
• BHP Billiton have departed from annual benchmark for coking coal and settled at US$225/t for Q3 2010
• High quality seaborne product sufficiently differentiated from low quality Chinese supply
• Early settlement of thermal coal contracts shows potential of bulk producers to exert pricing power
9

10. Iron ore
Iron ore pricing Supply curve to Chinese market for iron ore fines
220 200
200 180
180 160
CIF Cost China ($/t)
160 140
Current Price
140 120
$/tonne
120 100
100 80
80 60
60 40
40 20
20 -
May 03
May 04
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
850
900
950
1000
1050
1100
1150
1200
1250
1300
1350
1400
1450
Nov 07
Mar 08
Nov 08
Mar 09
Nov 09
Apr 10
Aug 10
Dec
Jan 03
Sep
Jan 04
Sep
Jan 05
Jun 05
Oct 05
Feb 06
Jun 06
Oct 06
Feb 07
Jun 07
Jul 08
Jul 09
Volume (mt)
MB China CIF spot price (63.5% Fe) Vale Rio Tinto BHP Billiton FMG
Australia FOB contract price Other Australia Other Brazil India Africa
China CFR Australia contract price equivalent China Other
Source: CLSA data as at 25th March 2011 Source: Macquarie/The Steel Index as at end March 2011
• Iron ore markets changing significantly with move to quarterly pricing
• This appears to be a permanent change though the exact mechanism for pricing is still evolving
• Provides greater level of pricing transparency
• Directly reference spot price – driven by high cost Chinese and Indian production
• Marginal costs of production for iron ore have increased by over $20 to $149
10

11. LME inventories and base metal prices
Copper inventories & price Zinc inventories & price
1,200 12,000 1,400 5,000
4,500
1,000 10,000 1,200
Thousands of tonnes
Thousands of tonnes
4,000
1,000 3,500
800 8,000
800 3,000
US$/t
US$/t
600 6,000 2,500
600 2,000
400 4,000 1,500
400
200 2,000 1,000
200
500
0 0 0 0
Mar-00 Mar-03 Mar-06 Mar-09 Dec-93 Dec-96 Dec-99 Dec-02 Dec-05 Dec-08
LME w arehouse Inventories (t) Copper Price (US$/t) LME w arehouse Inventories (t) Zinc Price (US$/t)
Aluminium inventories & price Nickel inventories & price
5,000 3,500 180 60,000
4,500 160
3,000 50,000
Thousands of tonnes
Thousands of tonnes
4,000 140
3,500 2,500
120 40,000
3,000 2,000 100
US$/t
US$/t
2,500 30,000
1,500 80
2,000
1,500 60 20,000
1,000
1,000 40
500 10,000
500 20
0 0 0 0
Mar-00 Mar-03 Mar-06 Mar-09 Dec-93 Dec-96 Dec-99 Dec-02 Dec-05 Dec-08
LME w arehouse Inventories (t) Aluminium Price (US$/t) LME w arehouse Inventories (t) Nickel Price (US$/t)
Source: DataStream. Data as at 31ST March 2011
11

12. From Debt Mountains to Cash Piles
• Mining sector forecast to be in a net cash position by the end of 2011
• First time this has been the case in recent history
100,000
50,000
0
US$(bn)
-50,000
-100,000
-150,000
2005 2006 2007 2008 2009 2010e 2011e 2012e
Net Cash
• Use of improved spending power – capex, M&A and dividends
Source: Citigroup, October 2010
12

13. A New Trading Range for the Diversifieds?
25
20
12m Forward PE Multiple
15
10
5
0
Jan-90
Jan-91
Jan-92
Jan-93
Jan-94
Jan-95
Jan-96
Jan-97
Jan-98
Jan-99
Jan-00
Jan-01
Jan-02
Jan-03
Jan-04
Jan-05
Jan-06
Jan-07
Jan-08
Jan-09
Jan-10
Jan-11
BHP Billiton Forward PE multiple Anglo American Forward PE Multiple
Xstrata Forward PE Multiple Rio Tinto Forward PE multiple
• Diversified companies have been trading in a lower PE range than during the last cycle (92-02)
• Mining stocks trading at a discount compared to historic levels
Source: DataStream. Weekly data to 4th April 2011.
13

14. Corporate events
Mining sector financial strength has returned 2010 a record year for M&A, 2011 looks set to follow suit
• Dividends resumed or increased • In 2010, 186 deals worth US$134 billion that were either completed or
• Gold companies initiating and/or increasing dividends live at the end of the year
• Dividends re-instated and increased across the mining • Top sectors for M&A: gold, coal and iron ore
sector
• So far in 2011:
– Recent examples: BHP Billiton, Rio Tinto, Xstrata,
– Rio Tinto ups bid for Riversdale to US$4bn
Anglo American, Teck Resources, OZ Minerals
– Equinox announces a US$4.9 bn hostile bid for Lundin Mining
• Special dividends announced by Freeport, Vale and
Antofagasta – BHP Billiton buys shale gas assets from Chesapeake Energy for
US$4.75 bn
• Share buybacks
• Vale announced and completed US$2 billion buyback – Minmetals Resources announce U$6.3bn hostile bid for Equinox
between September and November 2010
• BHP Billiton announced US$10 billion buyback
• Rio Tinto announced a $5 billion buyback
• Debt markets are open at attractive rates
• Teck refinanced high interest debt with longer dated and
signficantly lower interest debt
• Rio refinanced Alcan-related US$5bn revolving credit line
14

15. BGF World Mining Performance
• Launched in 1997 1150
1050
• AUM of approx $ 17.8 bn
950
• Open Ended SICAV 850
Rebased to 100
• AAA rated – OBSR 750
650
• AA rated – S&P Fund
Research 550
450
• Elite rated- Morningstar
350
250
150
50
Jan-01
Jul-01
Jan-02
Jul-02
Jan-03
Jul-03
Jan-04
Jul-04
Jan-05
Jul-05
Jan-06
Jul-06
Jan-07
Jul-07
Jan-08
Jul-08
Jan-09
Jul-09
Jan-10
Jul-10
Jan-11
BGF World Mining Fund HSBC Global Mining Index MG Base Metals Index
Source: DataStream, data to 4 April 2011
US$ YTD 2010 2009 2008 2007 2006 2005 2004
BGF World Mining Fund -1.3 29.2 108.3 -64.9 59.6 43.6 41.8 10.4
HSBC Global Mining Index -1.1 29.5 101.7 -59.0 53.7 36.1 38.9 9.9
Source: Datastream. Net Performance in USD on a NAV pricing basis with income reinvested as at end March 2011. Past performance is not necessarily indicative of future performance.
15

16. BGF World Mining Top Ten
Stock % of Fund Geography Commodity
Rio Tinto 9.8 Global Diversified
BHP Billiton 8.3 Global Diversified
Teck Resources 6.4 Global Diversified
Freeport McMoran C&G 5.8 Indonesia Copper/ Gold
Vale 5.7 Global Diversified
Xstrata 4.6 Global Diversified
Newcrest 4.3 Australia Gold
Anglo American 3.8 Global Diversified
Impala 3.7 South Africa Platinum
First Quantum 3.3 Africa Copper
Total 55.7%
Source: BlackRock
Number of Holdings: 73
Source: Internal as at end March 2011. Indicative only and subject to change.
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17. DSP BlackRock World Mining Fund

18. DSP BlackRock World Mining Fund: Performance
Absolute Return as on March 31, 2010
DSP BlackRock World Mining Fund Benchmark^
Last 1 year 19.27% 22.42%
Since Inception 18.06% 17.44%
NAV/ Index Value (Rs) 12.3106 33,723.51
Date of allotment Dec 29, 2009
^ Benchmark = HSBC Mining Index. Note: As per the SEBI standards, for performance reporting, the
“since inception” returns are calculated on Rs 10/- invested at inception. For this purpose the
inception date is deemed to be the date of allotment. The ‘returns’ shown are for the Regular Plan -
Growth Option. Performance in INR term.
Past performance may or may not be sustained in future and should not be used as a basis for
comparison with other investments.
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19. DSP BlackRock World Mining Fund: Scheme Features
Minimum Investment and Minimum Additional Purchase
• Regular Plan: Rs. 5000/- and Rs. 1000/- thereafter
• Institutional Plan: Rs. 1 cr. and Rs. 1000/- thereafter
• Options available:  Growth
(for both plans)  Dividend
- Payout
- Reinvest
Entry Load (both plans)
 Nil
Exit Load (both plans)
 For holding period: < 12 months: 1%; holding period >= 12 months: Nil
19

20. Thank You

21. Disclaimer
Investment Objective: An open ended Fund of Funds Scheme investing in international funds and the primary investment objective of the Scheme is to
seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Mining Fund (BGF – WMF). The Scheme may, at the
discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its
corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock
Mutual Fund (Fund), in order to meet liquidity requirements from time to time. There is no assurance that the investment objective of the Scheme will be
realized.
Asset Allocation: 1. Units of BGF – WMF# or other similar overseas mutual fund scheme(s): 80% to 100% 2. Money market securities and/or units of
money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 20%
#in the shares of BGF – WMF, Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.
Features: SIP only in Regular Plan, SWP & STP available in each plan of the scheme. Nomination facility available, subject to applicable conditions as per
the Statement of Additional Information (SAI) and Scheme Information Document (SID). Declaration of NAV on all Business Days. Redemption normally
within 5 Business Days. Sale and Redemption of Units on all Business Days at Purchase Price and Redemption Price respectively. Minimum investment:
Rs. 5,000/- (Reg. Plan)/Rs. 1 crore (Inst. Plan). Entry load: NIL. Exit load: Holding Period < 12 months: 1%, Holding Period >= 12 months: NIL. Investors
shall bear the recurring expenses of the Scheme in addition to the expenses of the underlying scheme(s) in which the Scheme will make investment.
Statutory Details: DSP BlackRock Mutual Fund was set up as a Trust and the settlors/sponsors are DSP ADIKO Holdings Pvt. Ltd. & DSP HMK Holdings
Pvt. Ltd. (collectively) and BlackRock Inc. (Combined liability restricted to Rs. 1 lakh). Trustee: DSP BlackRock Trustee Company Pvt. Ltd. Investment
Manager: DSP BlackRock Investment Managers Pvt. Ltd. Risk Factors: Mutual funds, like securities investments, are subject to market and other
risks and there can be no assurance that the Scheme’s objectives will be achieved. As with any investment in securities, the NAV of Units issued
under the Scheme can go up or down depending on the factors and forces affecting capital markets. Past performance of the sponsor/AMC/mutual
fund does not indicate the future performance of the Scheme. Investors in the Scheme are not being offered a guaranteed or assured rate of return. Each
Scheme/Plan is required to have (i) minimum 20 investors and (ii) no single investor holding>25% of corpus. If the aforesaid point (i) is not fulfilled within the
prescribed time, the Scheme/Plan concerned will be wound up and in case of breach of the aforesaid point (ii) at the end of the prescribed period, the
investor's holding in excess of 25% of the corpus will be redeemed as per SEBI guidelines. If the SEBI limits for overseas investments allowed to the Fund
are expected to be exceeded, subscriptions and switches into the Scheme may be temporarily suspended/SIP/STP into the Scheme may be terminated.
DSPBRWMF is the name of the Scheme and does not in any manner indicate the quality of the Scheme, its future prospects or returns. For
scheme specific risk factors, please refer the Scheme Information Document. For more details, please refer the Key Information Memorandum cum
Application Forms, which are available on the website, www.dspblackrock.com, and at the ISCs/Distributors. Please read the SID and SAI carefully
before investing.
21

22. Appendix

23. BlackRock’s Natural Resources team, London
Evy Hambro & Robin Batchelor
Joint Chief Investment Officers
Mining & Gold Agriculture Energy & New Energy
Richard Davis
Poppy Allonby
Catherine Raw Richard Desmond
Alastair Bishop
Clive Burstow Davis Cheung
Joshua Freedman
Tom Holl
Portfolio Manager Assistants Product Specialists
Simon McClure & Malcolm Smith
Greg Bullock Fiona Stubbs & Alex Ball
BlackRock Offices worldwide BlackRock Solutions & Risk Management
250+ equity analysts, 300+ fixed income analysts 1,800+ Professionals
As at October 2010
23

24. BlackRock Natural Resources team biographies (in alphabetical order)
Poppy Allonby, CFA, director and portfolio manager, is responsible for co-managing the Team’s energy and alternative
energy portfolios. Ms. Allonby's service with the firm dates back to 2000, including her years with Merrill Lynch Investment
Managers (MLIM) which merged with BlackRock in 2006. Prior to working on the Natural Resources team, Ms. Allonby was an
analyst on the US Equity Team where she was responsible for the basic materials, utilities and energy sectors.
Ms. Allonby earned a BSc degree in physics from the Imperial College, London in 2000.
Alex Ball, analyst and product specialist for the Natural Resources Equity products, provides a link between the investment
teams and the account managers. Mr Ball joined BlackRock in 2009 as part of the graduate scheme. Prior to working on the
Natural Resources team, he was a member of the Proprietary Alpha Strategies team.
Mr Ball earned a BA degree, in english literature and language from Oxford University in 2009.
Robin Batchelor, managing director and portfolio manager, joined the Natural Resources Team in London in 1996 and
worked initially on the gold and mining funds. Mr. Batchelor subsequently developed the Team’s energy capability and began
managing dedicated energy portfolios in January 1999. Mr. Batchelor is responsible for both traditional oil and gas investment
funds as well as alternative energy portfolios. He is also joint chief investment officer of the BlackRock Natural Resources
Team.
Mr. Batchelor earned his BSc in applied geology from Glasgow University and Colorado State University and his MSc in
investment analysis from Stirling University. In 2001, Mr. Batchelor was named "One of the Top Twenty Fund Managers in the
World" by Forbes magazine.
Alastair Bishop, director and portfolio manager is responsible for covering the energy and alternative energy sectors. Mr.
Bishop joined BlackRock in 2010 from Piper Jaffray where he was a Senior Research Analyst covering the Clean Technology
industry. Prior to joining Piper Jaffray in 2009, he covered the European Renewable Energy and Industrial sectors for 8 years
at Dresdner Kleinwort Investment Bank.
Mr. Bishop earned a BSc degree in Economics from the University of Nottingham in 2001.
24

25. Team biographies (contd.)
Clive Burstow, vice president and portfolio manager, is responsible for covering the gold and mining sectors. Mr. Burstow
joined BlackRock in 2010 from Alliance Bernstein where he was a EMEA Materials Analyst and Growth equities Precious Metals
analyst. Prior to joining Alliance Bernstein in 2007, he was with Baring Asset Management as lead analyst for the Global
Resources Fund.
Mr. Burstow earned a BEng degree in mining from the Camborne School of Mines in 1993.
Desmond Cheung, director and portfolio manager, is responsible for covering the agriculture sector and China. Prior to joining
BlackRock in 2007, Mr. Cheung spent five years at Hang Seng Bank Ltd, a major subsidiary of HSBC Group in Hong Kong, as a
credit and relationship manager specializing in financing metal companies in the Greater China region.
Mr. Cheung earned a BA degree in accounting from the Chinese University of Hong Kong in 2000 and an MBA degree from
Judge Business School, Cambridge University in 2006.
Richard Davis, managing director and portfolio manager, is responsible for managing a range of natural resources portfolios,
including agriculture, mining, gold and income strategies. Mr. Davis' service with the firm dates back to 1994, including his years
with Mercury Asset Management and Merrill Lynch Investment Managers (MLIM). Prior to joining MLIM, he worked as a
geologist for three years in Ireland and worked on mineral exploration and resource evaluation projects in base metals, gold and
diamonds.
Mr. Davis earned a BA degree in geology from Trinity College, Dublin in 1989 and an MSc degree in mineral exploration from
Imperial College, London in 1990.
25

26. Team biographies (contd.)
Joshua Freedman, associate and portfolio manager, is responsible for covering the global energy and energy technology
sectors. Mr Freedman's service with the firm dates back to 2005, including his time with Merrill Lynch Investment Managers
(MLIM). Prior to joining the team, he worked on MLIM's Emerging Europe team.
Mr. Freedman earned a BA degree in engineering from Downing College, Cambridge.
Evy Hambro, managing director and portfolio manager, is responsible for the management of several gold and mining portfolios
and is joint chief investment officer of the BlackRock Natural Resources Team. Mr. Hambro's service with the firm dates back to
1994, including his years with Mercury Asset Management and Merrill Lynch Investment Managers (MLIM).
Mr. Hambro earned a BSc degree in marketing, from Newcastle University.
Thomas Holl, CFA, associate and portfolio manager, is responsible for covering the gold and mining sectors. Mr. Holl moved to
his current role in 2008. His service with the firm dates back to 2005, including his time with Merrill Lynch Investment Managers
(MLIM). At MLIM, Mr. Holl was a member of the Global Equity Team and the Real Estate Team as a member of the graduate
training program.
Mr. Holl earned a BA degree in Land Economy from Cambridge University in 2006.
26

27. Team biographies (contd.)
Catherine Raw, CFA, director and portfolio manager, is responsible for covering the gold and mining sectors. Ms. Raw's service
with the firm dates back to 2003, including her years with Merrill Lynch Investment Managers. Prior to joining MLIM, she worked
at Anglo American Plc. in London and Johannesburg and at Boliden's Laisvall mine in Sweden as a geological field assistant
underground.
Ms. Raw earned a MA degree in Natural Sciences from Downing College, Cambridge University in 2002 and an MSc degree in
Mineral Project Appraisal from Imperial College, London in 2003.
Malcolm Smith, vice president and product specialist, is responsible for all product specialist functions for the Natural
Resources Equity products. Mr. Smith's service with the firm dates to 2005, including his time with Merrill Lynch Investment
Managers (MLIM). At MLIM, he worked within the retail business with a particular focus upon the Luxembourg and UK unit trust
fund ranges. He moved to his current role with the Natural Resources Team in 2006. Prior to joining MLIM, he worked on the
European equity team of a global multi-manager.
Mr. Smith earned an MA degree in accountancy from Aberdeen University in 2004.
Fiona Stubbs, associate and product specialist for the Natural Resources Equity products providing a link between the
investment teams and account managers. Ms Stubbs’ time with the firm dates back to 2007. Prior to joining the Natural
Resources team she worked in Global Consultant Relations with a number of assigned investment consultancies alongside their
lead relationship managers, engaging in a variety of activities designed to support consultants' work with mutual and potential
clients.
Prior to joining BlackRock in 2007, Miss Stubbs earned a BSc in Biology at Oxford Brookes University in 2002.
27

28. Understanding and controlling risk in a metals & mining portfolio
Stock Ideas
BlackRock Solutions (BRS)
BlackRock Natural
Risk and Quantitative
Resources Team
Analysis (RQA)
• Risk management is a core
• Use investment experience to
component of Blackrock’s culture
capture additional, sector specific
risk factors
• Over 380 individuals provide Portfolio Construction
portfolio managers with in-house
Risk is: For example:
risk systems and models
• Geological risk
DIVERSIFIED • Technical hurdles
• BRS and RQA partner with the
DELIBERATE • Political stability
Natural Resources Team to
SCALED • Management track-record
improve investment performance
• Open architecture provides
transparency and facilitates
communication
High Conviction
Portfolio
28

29. Understanding and controlling risk in the a metals & mining portfolio
Use an in-house interactive desktop trading and risk system (Aladdin) that provides:
• Pre-trade position compliance modelling
• Impact of adding or removing stock positions on the broader portfolio
Source: BlackRock, The Aladdin system including Green Package and Impact
29