Edison Investment Research Limited / GB0005058408
14.03.2024 - 09:45:22Edison issues update on BlackRock Latin American IT (BRLA): Worthy allocation as part of a global portfolio
| Edison Investment Research Limited 14-March-2024 / 08:45 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 14 March 2024 BlackRock Latin American Investment Trust’s (BRLA’s) lead manager Sam Vecht and deputy manager Christoph Brinkmann remain optimistic about the prospects for the region. Interest rates are coming down as Latin American central banks have been more proactive than those in developed markets in raising interest rates to combat higher inflation, which should be supportive for economic growth and asset prices. Latin America has remained relatively isolated from global geopolitical conflict, enabling trade with both eastern and western nations. The region has been overlooked by global investors, which has led to very attractive valuations on both absolute and relative terms. BRLA has a formal dividend policy, whereby regular distributions are made based on the trust’s quarter-end NAV, which ensures that yield considerations do not affect stock selection. BRLA currently offers an attractive 5.7% dividend yield. The trust’s 11.2% discount compares with the 6.7% to 18.6% 12-month range, and the 12.7%, 10.6%, 10.6% and 11.7% average discounts over the last one, three, five and 10 years respectively. Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Mel Jenner +44 (0)20 3077 5700 investmenttrusts@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
