BlackRock Latin American Inv. Trust - Celebrating its 30-year anniversary
BlackRock Latin American Investment Trust (BRLA) has been managed by Sam Vecht and Ed Kuczma since late December 2018. They have created a more concentrated portfolio comprising their highest-conviction ideas in the region. The managers are employing gearing in a more tactical way, which they report has proved successful in both up and down markets, and they have been more active in adding to and trimming positions when deemed appropriate. As a result of the changes made, BRLA now has higher stock-specific risk, but lower country and sector risk. The managers say the success of the strategy was evidenced in the trust’s strong relative performance in Q419. They are constructive on the prospects for Latin America in 2020 based on an expectation of higher economic growth, low interest rates and the potential for a weaker US dollar.BlackRock Latin American Investment Trust is an investment trust company. Co. invests in quoted securities in Latin America. Co. invests across a range of sectors, including consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, telecommunications services, utilities, and fixed income. BlackRock Fund Managers Limited has been appointed as Co.'s Alternative Fund Manager while BlackRock Investment Management (UK) Limited acts as Co.'s Investment Manager.
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