BlackRock Latin American Inv Tst Edison review on BlackRock Latin American IT
May 31 2016 - 4:56AM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
31 May 2016
London, UK, 31 May 2016
Edison issues research review on BlackRock Latin American IT
BlackRock Latin American Investment Trust (BRLA) is a
long-established, actively managed fund investing in Latin American
equities. Manager William Landers runs a 50-75 stock portfolio that
is diversified by country, sector and market capitalisation. BRLA
aims to generate an attractive capital and total return,
outperforming its benchmark, the MSCI Emerging Markets Latin
American Index. Brazil represents more than half of the benchmark
weighting and the manager has moved to an overweight exposure to
the country following recent political developments. In
anticipation of political and market reforms, his outlook for the
region is more favourable than it has been for some time.
The current share price discount to cum-income net asset value
of 11.0% compares to the average of 11.9% over the last 12 months.
This is modestly wider than the averages of the last three, five
and 10 years, which are 11.0%, 9.5% and 6.9% respectively.
Following a decline in the revenue return in FY15, the board has
prudently reduced the dividend to be more aligned with income. If
the latest dividend payment is maintained, the shares are offering
a prospective 2.6% yield, which is still the second highest in the
peer group highlighted in Exhibit 9.
Click here to view the full report.
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with a team of over 110 analysts, investment and roadshow
professionals and works with both large and smaller capitalised
companies, blue chip institutional investors, wealth managers,
private equity and corporate finance houses to support their
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York, Frankfurt, Sydney and Wellington. Edison is authorised and
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investment advice. Edison's reports are not solicitations to buy or
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