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BRLA Blackrock Latin American Investment Trust Plc

379.00
-1.00 (-0.26%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Blackrock Latin American... Investors - BRLA

Blackrock Latin American... Investors - BRLA

Share Name Share Symbol Market Stock Type
Blackrock Latin American Investment Trust Plc BRLA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -0.26% 379.00 16:35:01
Open Price Low Price High Price Close Price Previous Close
383.00 378.00 383.00 379.00 380.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 20/9/2023 14:46 by sharesoc
ShareSoc is hosting a webinar with BlackRock Latin American Investment Trust plc (BRLA) on 05 October 2023, which may be of interest to current shareholders or potential investors. Samuel Vecht (Managing Director) and Christoph Brinkman (Deputy Manager) will be presenting. You can register here:
Posted at 31/3/2022 22:42 by sharesoc
ShareSoc is hosting a webinar with BlackRock Latin American Investment Trust plc (BRLA) on 26 April 2022, which may be of interest to current shareholders or potential investors. Sam Vecht and Ed Kuczma (co-managers) will be presenting. You can register here:
Posted at 01/2/2021 10:54 by loganair
A rare opportunity for investors in Brazil by Alex Rankine:


Brazil is the country of the “perennial future”, writes Craig Mellow in Barron’s. Brighter times are always promised, but disappointment often follows. The economy has spent half the time since 2014 in recession. The Ibovespa index is up by 4% in local currency terms over the past 12 months, but the plunging currency, the real – down by 20% against the US dollar last year – means those gains turn into losses when translated into major currencies.

The market has been hampered by its exposure to out-of-favour industries. Raw materials (which includes miners such as Vale) and energy account for one-third of the MSCI Brazil index. The cyclical financial sector comprises another 28%. Yet talk of global “reflationR21; and a new commodities boom could see those weaknesses turn into strength this year.

Brazil’s new savings culture:

Traumatised by the hyperinflation of the 1980s, Brazilians are not natural stockmarket traders, says The Economist. The country’s savers became “addicted̶1; to the high interest rates that were used to get inflation under control, preferring to stash their money in fixed-income accounts. Yet the central bank has slashed rates from more than 14% in 2016 to just 2% now. That has turned many ordinary Brazilians into novice stockpickers. The number of retail investors on the local stockmarket has quintupled since 2017.

The frenzy has been centred on initial public offerings (IPOs), says Michael Pooler in the Financial Times: 28 firms went public last year, the highest number since 2007. This year is likely to be even more frenetic, with 41 already saying they intend to float, including “an iron ore miner” and “a crematorium operator”.

Long sceptical, foreign investors are now joining in too. The end of 2020 brought strong overseas investment inflows as money managers began to notice that a weak currency makes Brazilian assets cheap. The government launched a generous stimulus package last year that cushioned the worst of the pandemic’s economic fallout, but it is now feeling the fiscal hangover; years of mismanagement will soon send the government debt-to-GDP ratio above 100%, a dangerously high level for an emerging economy.

Brazil’s politicians are particularly unimpressive, says Mellow. The fractured Congress has spent most of this month quarrelling about new leadership and will “then take much of February off for Carnival”. Structural reforms now look unlikely before elections next year. Nevertheless, after so much bad luck the country’s shares appear to offer a rare opportunity.
Posted at 06/1/2011 05:09 by fundjockey
Riskblue

I am still with BRLA despite its autumn price consolidation. Winter seems to have brought back some growth.


What do you think about GPM Golden Promise Precious Metals-an IT on steroids? Listened to their enthusiastic and knowledgable manager and their performance is suberb. It's now also suitable for an ISA

TREWSA

The AIC site use the last NAV currently 777 for calculating Discount however has never been more than + or - 5% so irrelevant to me. More important to me is the long term capital growth. It could be bought for £1 in 2003 and its now worth nearly £8

The accepted wisdom with IT's is to buy in a bull market to take advantage of the gearing but sell when you think a correction is about to take place. They can't ungear easily as the money is borrowed.


I did use to be a buy and hold investor but not any longer.

FJ

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