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.£175.6m
Last close446.00p
High / Low (52 weeks)499.0p / 370.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment Trust Review: Best and worst performing sectors 2016

Fri, 27 Jan 2017 11:03:45 GMT

Fund focus: Can BlackRock Latin American fund deliver another 200pc gain?

Fri, 30 Jan 2015 18:02:25 GMT

An outperforming investment trust for overlooked Latin America

Wed, 01 May 2013 09:03:54 GMT

Investment Trust Watch: India Capital Growth in limbo

Fri, 22 Jul 2016 15:29:42 GMT

BlackRock Latin American Inv Tst Plc (BRLA) Jumps 0.83% on Nov 19

Sun, 19 Nov 2017 08:36:16 GMT

Investment summary

BlackRock Latin American Investment Trust (BRLA) is a well-established fund offering exposure to Latin America via a diversified equity portfolio. Manager William Landers aims to generate an attractive total return from a portfolio of 50-75 holdings invested across the capitalisation spectrum. He notes that despite negative political headlines in Brazil (the largest economy in the region), there is economic progress helped by falling interest rates and an inflation rate that is lower than the Central Bank of Brazil’s target. Landers is positive on Brazil’s political agenda and believes that the recent passing of the labour reform bill suggests that there is a broad appetite for reform, less conditional on President Temer than may have been thought. The manager is positive on the outlook for Latin American equities, while acknowledging that there will be “bumps along the way”. BRLA’s current dividend yield is 2.7%.

Last updated on 31/07/2017

Key management

Will Landers, Fund manager

Company address

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