Monthly Archives: January 2026

The ISHARES COPPER MINERS UCITS ETF

The fund (iSHARES COPPER MINERS UCITS ETF) aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the STOXX Global Copper Miners Index, the Fund’s benchmark index (Index).

Courtesy of BlackRock

Courtesy of BlackRock

ISHARES MINE Stock | London Stock Exchange

Courtesy of BlackRock

JPM Natural Resources Fund

The JPM Natural Resources Fund aims to provide capital growth over the long-term (5-10 years) by investing at least 80% of the Fund’s assets in the shares of companies throughout the world engaged in the production and marketing of commodities.

Fund size: [As of 23/01/2026] GBP £1.12 Billion

Top holdings

As of 31/12/2025

NameSectorWeight
Exxon MobilIntegrated Oil & Gas5.1%
NewmontGold4.8%
ShellIntegrated Oil & Gas4.0%
Agnico-Eagle MinesGold3.8%
Kinross GoldGold3.6%
Rio TintoDiversified Metals & Mining3.0%
Valero EnergyOil & Gas Refining & Marketing3.0%
Southern CopperCopper2.9%
AntofagastaCopper2.7%
Grupo MexicoDiversified Metals & Mining2.7%

Courtesy of JP Morgan Asset Management

JPM Natural Resources Fund B – Net Accumulation | J.P. Morgan Asset Management

US Government Borrowings: Week Commencing Monday 12th Jan 2025

US Government Sold $654 Billion of Treasuries, week commencing Monday 12th January 2025.

In the week, the US Government sold $654 billion in Treasury securities spread over 9 auctions, including 10-year Treasury notes and 30-year Treasury bonds.

Of these auction sales, $500 billion were Treasury bills with maturities from 4 weeks to 26 weeks, most of them to replace maturing T-bills.

TypeAuction dateBillion $Auction yield
Bills 6-weekJan-1377.53.585%
Bills 13-weekJan-1288.83.570%
Bills 17-weekJan-1469.23.560%
Bills 26-weekJan-1279.53.580%
Bills 4-weekJan-1595.33.595%
Bills 8-weekJan-1590.33.600%
Bills $500.5 Billion

And of these $654 billion in auction sales, $154 billion were notes and bonds, including $50 billion in 10-year Treasury notes.

Notes & BondsAuction dateBillion $Auction yield
Notes 3-yearJan-1274.93.609%
Notes 10-yearJan-1250.44.173%
Bonds 30-yearJan-1328.44.825%
Notes & bonds $153.6 Billion

Added up, this is $654 Billion, in US Government borrowings. The US Government has to borrow, as the taxes collected are not enough to fund the US Federal Government’s spending commitments, and thus borrows.

The Abrdn Future Raw Materials ETF

Courtesy of The London Stock Exchange

Top Ten Holdings:-

1SIGMA LITHIUM CORP ORD4.52%
2CHINA HONGQIAO GROUP LTD ORD4.07%
3PLS GROUP LTD ORD4.02%
4ALCOA CORP ORD3.93%
5HUDBAY MINERALS INC ORD3.71%
6CHINA NONFERROUS MINING CORP LTD ORD3.63%
7ALUMINUM CORPORATION OF CHINA LTD ORD3.51%
8MP MATERIALS CORP ORD3.47%
9LYNAS RARE EARTHS LTD ORD3.43%
10PRESS METAL ALUMINIUM HOLDINGS BHD ORD3.38%

Top Ten Holdings make up 37% of the fund.

ABRDN III ICAV ARAW Stock | London Stock Exchange

3i Infrastructure PLC: January 2026 Dividend

On Monday 12th Jan 2026, the listed infrastructure investor, 3i Infrastructure PLC paid out its dividend.

https://www.3i-infrastructure.com/

6.725p a share.

the total number of voting rights for 3i Infrastructure plc was 922,350,000

Thus:-

922,350,000 x £0.06725 = £62,028,037.5

That is £62 million paid to shareholders in 3i Infrastructure PLC

Courtesy of The London Stock Exchange

3I INFRASTRUCTURE PLC 3IN Stock | London Stock Exchange

Marks and Spencer Group: Jan 2026 Dividend

On Friday 9th Jan 2026, the UK Flagship high street retailer paid out its Jan 2026 dividend.

https://corporate.marksandspencer.com

1.2p a share.

https://www.londonstockexchange.com/news-article/MKS/total-voting-rights/17396499

The Company’s capital consists of 2,057,140,555 ordinary shares with voting rights

Thus:-

2,057,140,555 x £0.012 = £24,685,686.66

That is £24million paid to shareholders in Marks & Sparks

Courtesy of The London Stock Exchange

MARKS AND SPENCER GROUP PLC MKS Stock | London Stock Exchange

BTEK ISHARES NASDAQ US BIOTEC UCITS USD

The iShares Nasdaq US Biotechnology UCITS ETF seeks to track the investment results of an
index composed of biotechnology and pharmaceutical equities listed on the NASDAQ.

ISHARES BTEK Stock | London Stock Exchange

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Top holdings, as of 30 November 2025

RankName% Weight
1AMGEN INC ORD7.80
2GILEAD SCIENCES INC ORD7.24
3VERTEX PHARMACEUTICALS INC ORD7.20
4REGENERON PHARMACEUTICALS INC ORD6.33
5ALNYLAM PHARMACEUTICALS INC ORD4.61
6ASTRAZENECA ADR REP 0.5 ORD3.77
7INSMED INC ORD3.45
8ARGENX ADR REP ORD2.19
9BIOGEN INC ORD2.10
10UNITED THERAPEUTICS CORP ORD1.73

Courtesy of the London Stock Exchange

Net Assets of Fund (M) : 859.37 Million USD

Courtesy of the London Stock Exchange