ETC announced this afternoon that Blackrock Investment Manager...

ETC announced this afternoon that Blackrock Investment Manager (Australia) is now a substantial owner - with just under 22M shares or a tad over 5% of the company (www.asx.com.au/asxpdf/20090610/pdf/31j048fbygcvgm.pdf).

The Blackrock website notes:
"BlackRock is one of the world's leading investment
management companies, chosen by clients ranging from
governments and corporates to advisers and individual
investors. Our assets under management currently exceed
$1.28 trillion (as at 31.03.09).
BlackRock is fully focused on delivering a world-class range
of investments,..."

Nice to see the big boys recognising the merit of ETC as an investment vehicle. Has their due diligence thrown up some exciting future that the rest of us are not aware of?