Money Makers

BlackRock American Income (BRAI) has underperformed its US value benchmark since it joined the market in 2012, so it has reinvented itself. Initially, it adopted a sustainability-based approach, but since April 2025, it has been using a systematic strategy that combines "the power of big data, artificial intelligence and human expertise ... to unlock new ways to seek consistent portfolio outcomes and exploit market inefficiencies", a first for the investment trust sector. Its shareholders have been supportive, with an accompanying 20% tender offer at a 2% discount seeing a 16% take-up, no doub...