Edison Investment Research - BlackRock Latin American Inv Tst (BRLA) BlackRock Latin American Inv. Trust - Improving fundamentals, undemanding valuations

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Edison Investment Research

Pedro Fonseca

BlackRock Latin American Inv. Trust - Improving fundamentals, undemanding valuations

BlackRock Latin American Investment Trust (BRLA) has two experienced managers, Sam Vecht and Ed Kuczma. They comment that Latin America is attractively valued both versus its history and compared with other regions. Within emerging markets, due to regulatory pressures there has been some rotation away from Asian technology companies whose shares have been favoured by investors over the last five to 10 years and have crowded out Latin American equities in emerging market indices. Vecht and Kuczma say that Latin America is benefiting from strong raw material prices and a robust economic recovery following the rollout of COVID-19 vaccines. Due to political risk, the managers have flattened the country risk within BRLA’s portfolio, and are focused on seeking high-quality, reasonably priced companies that have above-average earnings growth.

25/10/2021 7 EN

Underlying

BlackRock Latin American Inv Tst

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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GB0005058408 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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BlackRock Latin American Inv. Trust - Improving fundamentals, undemanding valuations

Edison issues update on BlackRock Latin American IT (BRLA): Worthy allocation as part of a global portfolio

BlackRock Latin American Inv. Trust - Worthy allocation as part of a global portfolio

Edison issues review on BlackRock Latin American IT (BRLA): Last man standing – committed to the region.

AUSTRIACARD - Acquiring data analytics expertise

Brighton Pier Group - Sweating the assets

Borussia Dortmund - London calling

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