BSTZ - BSTZ: Why This CEF Is Outperforming The Sector

2024-04-13 12:15:00 ET

Summary

• BlackRock Science and Technology Term Trust (BSTZ) is an equity closed-end fund that invests in the technology sector.
• BSTZ initially underperformed due to the slowdown in the technology sector, but has begun to outperform as IPO markets and M&A activity pick up.
• The fund's portfolio includes both publicly traded equities and private, venture-funded investments.
• We explore the fund and comment on the recent comeback.

What is the BlackRock Science and Technology Term Trust ?

The BlackRock Science and Technology Term Trust ( BSTZ ) is an equity closed end fund that invests in the technology sector. The fund was launched during the summer of 2019 as a follow up to the extraordinarily successful BlackRock Science and Technology Trust (BST), which we recently covered . Managed by BlackRock (BLK), the world’s largest asset manager by AUM , BSTZ has been a top performer in the technology closed end fund sector alongside BST. Since inception, BSTZ has notably trailed BST and the broader technology sector despite similar sector focus....

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