|
|
Article: BlackRock Latin American benefits from Brazil.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Mark Robinson
FUND PROFILE: BlackRock Latin American has rebounded strongly on the back of Brazil's performance.
The nominal objective of BlackRock Latin American (BRLA) is to secure long-term capital growth mainly through investing in quoted securities in Latin America. The trust took on its present form following the 2006 merger of Merrill Lynch Investment Managers with BlackRock. Since then, BRLA has outperformed the MSCI EM Latin American Index by 5.3 per cent on a cumulative price basis.
High share price volatility have been a feature of the region, a problem which became particularly acute during the latter part of 2008. In March ...