BlackRock Latin American Inv. Trust (BRLA)

Business description

The BlackRock Latin American Trust seeks long-term capital growth and an attractive total return primarily through investing in quoted Latin American Securities. The trust was launched in 1990 and management as transferred to BlackRock on 31 March 2006 following a tender process. The manager follows a mainly bottom-up approach that is flexible but seeks growth at a reasonable price. The trust has an indefinite life subject to a biannual continuation vote. The benchmark is the MSCI Emerging Markets Latin America index.

Stock data

Market cap.£167.9m
Last close426.50p
High / Low (52 weeks)455.1p / 307.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Investment summary

BlackRock Latin American Investment Trust (BRLA) is a long-established fund investing in Latin American equities. Manager Will Landers runs a 50-75 stock portfolio with daily input from a dedicated Latin America team. BRLA aims to generate an attractive total return, superior to that of its benchmark, the MSCI Emerging Markets Latin America Index. The fund is overweight Brazil, which surged when impeachment proceedings were brought against former president Dilma Rousseff, and underweight Mexico, where sentiment soured following the surprise Trump victory.

Last updated on 16/01/2017

Key management

Will Landers, Fund manager

Company address

12 Throgmorton Avenue
London
EC2N 2DL
United Kingdom
020 7743 3000
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