BlackRock Latin American Inv Tst Edison issues review on BlackRock Latin American
March 04 2022 - 2:00AM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
04 March 2022
London, UK, 4 March 2022
Edison issues review on BlackRock Latin American IT (BRLA)
BlackRock Latin American Investment Trust's (BRLA) two
experienced managers, Ed Kuczma and Sam Vecht, remain positive on
the outlook for Latin American equities, with Kuczma commenting
that the region is 'under-owned, undervalued and unloved'. He says
that the year-to-date stock market rally in Latin America is a good
example of how quickly investor sentiment can change, especially
given the global environment of rising interest rates. Kuczma
points to the move from growth to value stocks, commenting that the
region 'has a ton of value'.
BRLA's discount has narrowed since September 2021, perhaps in
anticipation of the proposed tender offer (details on pages five
and six). The share price is currently at a 6.7% discount to
cum-income net asset value (NAV) versus a discount ranging between
5.0% and 14.4% over the last 12 months. Over the last one, three,
five and 10 years the share price discount has ranged between 9.7%
and 11.7%. BRLA offers an attractive 5.2% dividend yield, which is
based on 1.25% of the trust's quarterly NAV.
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