BlackRock Latin American Inv. Trust (LSE: BRLA)

Last close As at 22/05/2024

GBP4.00

5.00 (1.27%)

Market capitalisation

GBP115m

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.

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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 3.5 (3.7) 3.4
Relative (3.1) (11.7) (4.8)
52 week high/low 454.5p/355.0p

Overview

BlackRock Latin American Investment Trust’s (BRLA’s) lead manager Sam Vecht and deputy manager Christoph Brinkmann remain optimistic about the prospects for the region. Interest rates are coming down as Latin American central banks have been more proactive than those in developed markets in raising interest rates to combat higher inflation, which should be supportive for economic growth and asset prices. Latin America has remained relatively isolated from global geopolitical conflict, enabling trade with both eastern and western nations. The region has been overlooked by global investors, which has led to very attractive valuations on both absolute and relative terms.

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