Last checked at 9 Oct 2019 10:32
London, UK, 9 October 2019
Edison issues review on BlackRock Latin American IT (BRLA)
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.
BRLA is currently trading at a 12.5% share price discount to cum-income NAV. This is modestly narrower than the 13.1%, 13.5% and 12.9% average discounts over the last one, three and five years respectively. BRLA has a formulaic dividend policy based on the value of its quarter-end NAV, and currently yields 5.9%.
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