BlackRock Latin American Inv Tst Edison review on BlackRock Latin American IT
October 26 2021 - 2:00AM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
26 October 2021
London, UK, 26 October 2021
Edison issues review on BlackRock Latin American IT (BRLA)
BlackRock Latin American Investment Trust (BRLA) has two
experienced managers, Sam Vecht and Ed Kuczma. They comment that
Latin America is attractively valued both versus its history and
compared with other regions. Within emerging markets, due to
regulatory pressures there has been some rotation away from Asian
technology companies whose shares have been favoured by investors
over the last five to 10 years and have crowded out Latin American
equities in emerging market indices. Vecht and Kuczma say that
Latin America is benefiting from strong raw material prices and a
robust economic recovery following the rollout of COVID-19
vaccines. Due to political risk, the managers have flattened the
country risk within BRLA's portfolio, and are focused on seeking
high-quality, reasonably priced companies that have above-average
earnings growth.
BRLA is currently trading at an 11.8% share price discount to
cum-income NAV versus a 5.3% to 14.4% range of discounts over the
last 12 months. Over the last one, three, five and 10 years, the
trust's average discounts are 10.1%, 11.2%, 12.2% and 11.2%
respectively. BRLA offers an attractive 6.6% dividend yield, which
is based on 1.25% of the trust's quarterly NAV.
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