5 year high |
https://citywire.com/investment-trust-insider/news/gold-rush-propels-blackrock-frontiers-managers-to-aaa-rating/a2449104 |
BRFI discussed by Emily Fletcher |
Kepler discussion on BRFI
Listened to it in the car... warning, may cause drowsiness. |
Master Investor-
New Frontiers
The last of the core additions is BlackRock Frontiers (LON: BRFI) that offers an attractive way to gain exposure to a broad range of frontier markets. It is run through a hybrid approach of bottom-up stock picking and top-down analysis, based on both fundamental research and the latest geopolitical developments.
BRFI invests in the smaller emerging and frontier markets, in an attempt to benefit from under-researched opportunities in countries such as Vietnam, Hungary and Chile. Within these areas the managers try to take advantage of mispriced value and long-term growth opportunities, with the end result being a concentrated portfolio of between 35 and 65 stocks.
Numis rate the management team highly and say that they have built an excellent long-term record through stock selection and asset allocation. The fund suffers from investor apathy towards the asset class, which is why they think the seven percent discount offers value. |
woo-hoo
that's certainly more delightful to see than most of mine, which are malingerers and fallers over 2023 |
New 5 year high today |
Latest Kepler research
BRFI offers exposure to countries seeing rapid GDP growth and experiencing development from a rapid base, with the spread of basic industries and demographics providing endogenous drivers behind earnings growth. This looks like an attractive long-term investment to us, particularly when considering it can be accessed at a 5.7% discount. |
Interim report
Note "[in the 2 months] up to 1 June 2023, the net asset value per share of the Company has increased by 3.7% from 178.61 cents per share to 185.23 cents per share (around 145p)" |
Much under appreciated trust Very solid performance over last 3 years and a nice dividend Happy to hold GLA |
Latest Kepler research
Still time to get in before the final ex-dividend date of 6 Jan |
that's EST NAV by the way |
Earlier today it was showing as 1.25 on Blackrock site now back at 1.44 ? but still showing on FT as 1.25 ? must be an error |
Its only 0.1p lower than yesterday so what drop are you seeing? |
why the much lower NAV today ? |
More paid research from Kepler
Note the wider discount than usual |
It's bad, Jim, but not as we know it...
"This Isn't '97 Again': Why EMs Can Weather Rate Hikes"
(and Frontiers too) |
Only volatile in the nature of frontier investments not the underlying holdings |
Volatile in what regard, panshanger?
I agree that consumer discretionary companies might have been expected to take a wee hit, but energy, materials and financials, that join it to make up 80% of the portfolio, are pretty solid. |
Pretty resilient performance from this trust recently given the volatile nature of the investments |
In case you missed our webinar with BlackRock Frontiers Investment Trust (BRFI), the recording can be found on our YouTube channel: |
We are hosting a webinar with BlackRock Frontiers Investment Trust plc (BRFI) 22 February 2022, which may be of interest to current shareholders or potential investors. Sam Vecht and Emily Fletcher (co-managers) will be presenting. You can register here: |
NAV 17JAN 140.13p Including current year income Sterling (pence) XD |
Not traded a Blackrock share for ages, that may change with this one. |
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