BlackRock Latin American Inv. Trust (LSE: BRLA)

Currency in GBP

Last close As at 09/06/2023

GBP4.07

0.50 (0.12%)

Market capitalisation

GBP120m

BlackRock Latin American Investment 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 was transferred to BlackRock on 31 March 2006 following a tender process. The trust has an indefinite life subject to a two-yearly continuation vote. The benchmark is the MSCI Emerging Markets Latin America Index.

Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Charlie Kilner

    Investment Trust Sales & IR

  • Sharon Faulkner

    Analyst - Investment Trusts

  • Simon White

    Head of investment trusts

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 17.6 10.9 (2.1)
Relative 20.2 15.6 (1.1)
52 week high/low 416.0p/334.0p

Overview

BlackRock Latin American Investment Trust’s (BRLA’s) lead manager Sam Vecht and deputy manager Christoph Brinkmann have a high degree of confidence in the positive prospects for the trust’s portfolio. It has an overweight exposure to Brazil versus its benchmark, the MSCI Emerging Markets Latin America Index. Vecht highlights high real interest rates in the country, providing scope for a lower base rate. Brazil now has a more stable political situation, and the manager anticipates that the economy should turn around in H223, which he believes would be positive for equity performance. Vecht and Brinkmann consider that BRLA’s portfolio has real potential to deliver better absolute and relative performance.

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