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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.£165.1m
Last close420.50p
High / Low (52 weeks)499.0p / 378.0p
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 summary

BlackRock Latin American Investment Trust (BRLA) is managed by Will Landers, who says that investor attitudes towards Latin American equities have changed. 2017 was a period of confidence in the region’s prospects, but now there is more scepticism about the growth outlook. However, the manager remains optimistic about potential returns from Latin American equities. In the key Brazilian economy, he cites higher domestic demand and a favourable interest rate environment, with the benchmark interest rate having more than halved to a record low level. BRLA has recently announced new dividend and discount management policies, which may lead to a narrowing in its discount over time. Dividends will now be paid four times a year, equivalent to 1.25% of the dollar-based, quarter-end NAV. As a result, the trust now offers an attractive prospective yield.

Last updated on 17/07/2018

Key management

Will Landers, Fund manager

Company address

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