Edison issues review on BlackRock Latin American

RNS Number : 6348M

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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