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BlackRock North American Income : BRNA

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Over the year to the end of October BRNA returned 17.1% in NAV terms and 16.5% in share price terms vs. a return for the Russell 1000 Value Index of 27.4% – underperformance relative to the index is attributed by the Board to the outperformance of “lower quality stocks” that BRNA does not hold.

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Utilities weigh on BlackRock North American Income’s annual returns

BlackRock North American Income (BRNA) annual results to 31 October 2020 brought total NAV and market returns of -8.9% and -17.9%. By comparison, the benchmark Russell 1000 value index returned -7.5%. Performance – stock selection in utilities weighs BRNA’s underperformance of the benchmark was a reflection of stock selection, allocation decisions in utilities, and a negative contribution from […]

BlackRock North American lags benchmark

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BlackRock North American helped by holding in McDonalds

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BlackRock North American beats benchmark by avoiding oil exposure

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BlackRock North American Income Fee reduction and tender offer

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BlackRock North American Board getting worried about performance

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2014 not BlackRock North American Income’s year

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QD view – Canada’s answer to UK dividend drought

Canada’s answer to UK dividend drought – Middlefield Canadian Income Investment Trust (MCT) gave an update on its portfolio performance and wider market conditions on 14 October 2020. The US presidential election and Covid-19 were dominant themes. MCT’s views – expressed on the video call by Dean Orrico, lead manager and president of Middlefield International Limited […]

F&C Managed Portfolio beats benchmark despite widening discounts

F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]

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BlackRock North American Income : BRNA

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