BlackRock Latin American Inv Tst Edison issues review on BlackRock Latin American
July 31 2017 - 10:53AM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
31 July 2017
London, UK, 31 July 2017
Edison issues review on BlackRock Latin American IT (BRLA)
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%.
BRLA's current 13.8% share price discount to cum-income NAV is
broadly in line with the 14.0% average of the last 12 months and
wider than the averages of the last three, five and 10 years (range
of 7.8% to 12.4%). There is potential for the discount to narrow if
there is improved investor sentiment towards Latin American
equities or BRLA is able to build on its performance track
record.
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For more information please contact Edison:
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Sarah Godfrey, +44 (0)20 3681 2519
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