BlackRock Latin American Inv. Trust


£177.5m market cap

452p last close

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.

Investment summary

BlackRock Latin American Investment Trust (BRLA) is managed by Ed Kuczma and Sam Vecht. The managers are constructive on the outlook for Latin American equities, believing the favourable interest rate environment is supportive for consumption growth. They seek high-quality businesses that are able to grow earnings and cash flows over the economic cycle. The managers have reduced the trust’s cyclical exposure, focusing more on companies with internal growth drivers and attractive dividend yields. Following the adoption of a new, higher dividend policy in FY18, BRLA currently offers a c 6% dividend yield.

Share price graph
Price performance
Actual (0.9) (4.2) 5.5
Relative* (3.1) (6.8) 0.0
52-week high/low 538.0p/411.0p
*% relative to local index
Key management
Charlie Kilner Investment Trust Sales & IR
Sharon Faulkner Analyst - Investment Trusts
Simon White Head of investment trusts

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