In this episode of Trusts in Focus, we're looking at BlackRock Energy and Resources Income (BERI), an investment trust investing across mining, traditional energy and energy transition companies. We explore the trust's flexible approach, which allows the managers to actively shift exposure between its three main sectors as market conditions and opportunities change. This includes recent positioning across traditional energy and renewables, as well as the growing demand for power and commodities created by AI and electrification. We also look at the diversification these sectors can provide alongside a traditional global equity portfolio, BERI's performance since adopting its current mandate in 2020, and how the managers have navigated volatile markets and individual stock opportunities. 00:00 Introduction to BERI 00:35 The key themes shaping the portfolio 01:35 AI and the growing demand for power 02:05 Diversification within mining and energy 02:27 Commodities as a diversifier from technology 02:55 Recent performance and Bloom Energy 04:15 Long-term structural opportunities 04:51 Energy security and rising electricity demand 05:40 Outlook and further information Read our latest research on BERI: https://www.trustintelligence.co.uk/investor/funds/blackrock-energy-resources-income Please note that this video was recorded in August 2026.
