Fact sheet: BR Latn Am IT

Fund information
Fund name
BlackRock Latin American IT GBP
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund managers
  • Will Landerssince 31/03/2006
Fund objective
The Company seeks to secure long-term capital growth and an attractive total return primarily through investing in quoted securities in Latin America.
Benchmark
  • MSCI Emerging Latin America
Investment style
None
Investment method
Shares
Quick stats
1 Year return
32.2%
1 Year rank in sector
2/2
Sector
IT Latin America
Yield
2.8%
Fund size
£165m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
199
Mid price
420
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
486.47
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-13.66
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
103
Top in this sector
Fund name1 Year
AberdeenLatAmrIncLtd42.5%
BR Latn Am IT32.2%
...more in IT Latin America

Performance snapshot

Holdings snapshot

  • Brazil66.2%
    Mexico21.9%
    Peru4.6%
    Argentina3.8%
    Chile1.5%
  • Financials30.9%
    Consumer Staples19.9%
    Materials14.7%
    Energy12.5%
    Industrials5%
  • Brazilian Equities66.2%
    Mexican Equities21.9%
    American Emerging Equities5.1%
    Peruvian Equity4.6%
    Chilean Equities1.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%0.7%-6%32.2%2.3%-12.3%
Sector0.4%2.5%-3.9%37.4%7.5%-10.8%
Rank within sector2 / 22 / 22 / 22 / 22 / 22 / 2
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund8.5%45.8%-28.7%-4%-13.8%
Sector8.5%51.9%-28.5%-8%-18.4%
Rank within sector1 / 22 / 22 / 21 / 21 / 2
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.12
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.95
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.02
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
23.78
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.44
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.06
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.95
Price movement
52 week high455.13
52 week low308.25
Current bid price419
Current offer price420.5
Current mid price420
Region
1Brazil66.2%
2Mexico21.9%
3Peru4.6%
4Argentina3.8%
5Chile1.5%
6Colombia1.3%
7Money Market0.7%
Industry sector
1Financials30.89%
2Consumer Staples19.86%
3Materials14.7%
4Energy12.51%
5Industrials4.96%
6Telecommunications Utilities4.96%
7Utilities4.57%
8Consumer Discretionary3.38%
9Information Technology2.38%
Asset type
1Brazilian Equities66.2%
2Mexican Equities21.9%
3American Emerging Equities5.1%
4Peruvian Equity4.6%
5Chilean Equities1.5%
6Money Market0.7%
Individual holdings
1BANCO BRADESCO SA9.9%
2PETROLEO BRASILEIRO SA PETROBRAS8.8%
3ITAU UNIBANCO HLDG SA7.8%
4VALE SA5.6%
5BM&F BOVESPA SA BOLSA DE VALORES ME4%
6AMBEV SA3.9%
7FEMSA3.4%
8TELEFONICA BRASIL SA3.1%
9CEMEX S.A.B. DE C.V.3%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Investment Managemen
Fund type
Investment Trust
Fund objective
The Company seeks to secure long-term capital growth and an attractive total return primarily through investing in quoted securities in Latin America.
Benchmark
  • MSCI Emerging Latin America
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Will Landers31/03/2006Will Landers is manager of the BlackRock Latin American Investment Trust. Will is head of the Global Emerging Markets team and the portfolio manager for the suite of Latin American equity funds within BlackRock's Fundamental Active Equity division. Will joined BlackRock in 2002. He has over 23 years’ experience in Latin American markets, first as an investment banker, before moving on to research and portfolio management. Will has a degree in finance and international management.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
BlackRock Latin American IT GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price486.47
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJIF
BlackRock Latin American IT NAV GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price486.47
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFP51
BlackRock Latin American IT Unsecure Convertible Bond USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1050
CurrencyUSD
Price updated17/10/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeI2Q5
Data provided by

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