Blackrock (NYSE:BLK) Latin American Inv Trust (LON:BRLA) is a long-established, actively managed fund investing in Latin American equities. Manager William Landers runs a 50-75 stock portfolio that is diversified by country, sector and market capitalisation. BRLA aims to generate an attractive capital and total return, outperforming its benchmark, the MSCI Emerging Markets Latin American Index. Brazil represents more than half of the benchmark weighting and the manager has moved to an overweight exposure to the country following recent political developments. In anticipation of political and market reforms, his outlook for the region is more favourable than it has been for some time.
Investment strategy: Diversified LatAm exposure
The manager considers both top-down and bottom-up factors to construct a well-diversified portfolio of stocks. Potential investments undergo a thorough fundamental analysis, which includes an assessment of growth potential, cash flow generation and balance sheet strength; individual company valuation is a key consideration. The manager and his team are able to draw on the wider resources of BlackRock Investment Management and have an extensive network within the region, which provides valuable input into the stock-selection process.
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