BIGZ - BIGZ: Risk Appetite Still Missing For Venture Capital
2024-04-27 06:57:37 ET
Summary
- The BlackRock Innovation & Growth Term Trust fund has significantly underperformed since the equity bear market in 2022.
- BIGZ's venture capital portfolio has seen little turnover and has continued to decrease in value despite buoyant equity markets.
- Until the market starts to reward high-growth small-cap companies, I believe BIGZ will continue to struggle.
A while ago, I wrote a cautious article on the BlackRock Innovation & Growth Term Trust ( BIGZ ). At the time, we were in the midst of the 2022 equity bear market and risk appetites were being pulled back, so I did not think it was the best time to invest in the BIGZ fund given its risky venture capital-like portfolio....
BIGZ: Risk Appetite Still Missing For Venture Capital