Closed-end management investment company investing in the equity securities of companies in the energy and natural resources sectors.
BlackRock Energy and Resources Trust operates as a closed-ended equity mutual fund managed jointly by BlackRock Advisors, LLC and BlackRock International Limited, subsidiaries of BlackRock, Inc. Established on December 23, 2004, the fund focuses on investing in the public equity markets worldwide, with a predominant emphasis on opportunities within the United States. Its primary objective is to invest in companies operating in the energy and natural resources sectors, spanning various market capitalizations.
The investment strategy of BlackRock Energy and Resources Trust centers on building a diversified portfolio of stocks, aiming to capture growth and income potential within the energy and natural resources industries. In addition to direct equity investments, the fund utilizes equity derivatives with a strategic focus on option writing. This approach enhances the fund's ability to optimize returns while managing risk, leveraging the expertise and global reach of BlackRock's investment management capabilities.
Formerly known as BlackRock Global Energy and Resources Trust, the fund has evolved to align with changing market dynamics and investor preferences. As part of BlackRock's suite of investment offerings, BlackRock Energy and Resources Trust underscores the firm's commitment to providing specialized investment solutions tailored to the specific sectors of energy and natural resources. With its domicile in the United States, the fund remains well-positioned to navigate and capitalize on opportunities arising from global energy markets, reflecting BlackRock's strategic approach to delivering value and performance for its investors.