BlackRock Latin American eyes spicier strategy
New managers at BlackRock Latin American Investment Trust (BRLA) are rethinking strategy to widen geographic reach and be less conservative on stock selection.
Will Landers left the trust after 13 years in December having beaten its MSCI Latin American benchmark in net asset terms in eight of the past 10 years.
New managers Sam Vecht and Ed Kuczma want to tone down the trust’s dominant exposure to Brazil (76% of funds) to include more Mexico and Argentina exposure. They also want to embrace higher risk companies with more exciting returns potential.