BlackRock Latin American Inv Tst Edison reviews BlackRock Latin American IT (BRLA)
17 7월 2018 - 10:53PM
RNS Non-Regulatory
TIDMBRLA
BlackRock Latin American Inv Tst
17 July 2018
London, UK, 17 July 2018
Edison issues review on BlackRock Latin American IT (BRLA)
BlackRock Latin American Investment Trust (BRLA) is managed by
Will Landers, who says that investor attitudes towards Latin
American equities have changed. 2017 was a period of confidence in
the region's prospects, but now there is more scepticism about the
growth outlook. However, the manager remains optimistic about
potential returns from Latin American equities. In the key
Brazilian economy, he cites higher domestic demand and a favourable
interest rate environment, with the benchmark interest rate having
more than halved to a record low level. BRLA has recently announced
new dividend and discount management policies, which may lead to a
narrowing in its discount over time. Dividends will now be paid
four times a year, equivalent to 1.25% of the dollar-based,
quarter-end NAV. As a result, the trust now offers an attractive
prospective yield.
BRLA's current 13.4% share price discount to cum-income NAV is
at the wider end of the range of discounts (8.0% to 17.0%) over the
last 12 months. It compares with the historical averages over the
last one, three, five and 10 years of 13.4%, 13.2%, 12.1% and 8.3%
respectively. The trust's revised dividend policy, whereby
distributions may be funded from reserves as well as income, means
that BRLA now offers an attractive prospective yield of c 4.0%,
rising to c 5.5% from FY19.
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July 17, 2018 09:53 ET (13:53 GMT)
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