BlackRock Latin American Investment Trust (BRLA) is a long-established fund investing in Latin American equities. Manager Will Landers runs a 50-75 stock portfolio with daily input from a dedicated Latin America team. BRLA aims to generate an attractive total return, superior to that of its benchmark, the MSCI Emerging Markets Latin America Index. The fund is overweight Brazil, which surged when impeachment proceedings were brought against former president Dilma Rousseff, and underweight Mexico, where sentiment soured following the surprise Trump victory.
Investment strategy: Vigilant and active
The manager combines a bottom-up and a top-down investment strategy. Much emphasis is placed on monitoring existing portfolio companies and seeking new investment opportunities. At the same time, the team keeps itself well briefed in order to be able to anticipate and respond quickly to political and economic developments deemed likely to affect Latin American stock values.
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