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On 4 March 2022, Edison issued a review on BlackRock Latin American Investment Trust (BRLA). BRLA's share price is currently at a 6.7% discount to cum-income net asset value and offers a 5.2% dividend yield, based on 1.25% of the trust's quarterly NAV, with its discount having ranged between 5.0% and 14.4% over the last 12 months.
| Date | 4 Mar 2022 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 5583D |
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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