BlackRock Latin American Investment Trust plc (LON:BRLA) has announced its portfolio update.
All information is at 31 January 2024 and unaudited.
To learn more about the BlackRock Latin American Investment Trust plc please follow this link: blackrock.com/uk/brla
Performance at month end with net income reinvested
| One month % | Three months % | One year % | Three years % | Five years % | |
| Sterling: | |||||
| Net asset value^ | -7.2 | 11.2 | 12.4 | 37.6 | 7.1 |
| Share price | -7.6 | 15.1 | 12.4 | 33.1 | 16.6 |
| MSCI EM Latin America (Net Return)^^ | -4.7 | 12.0 | 11.2 | 46.2 | 15.1 |
| US Dollars: | |||||
| Net asset value^ | -7.3 | 16.7 | 16.2 | 27.7 | 3.7 |
| Share price | -7.7 | 20.8 | 16.2 | 23.4 | 12.9 |
| MSCI EM Latin America (Net Return)^^ | -4.8 | 17.5 | 15.0 | 35.6 | 11.4 |
^cum income
^^The Company’s performance benchmark (the MSCI EM Latin America Index) may be calculated on either a Gross or a Net return basis. Net return (NR) indices calculate the reinvestment of dividends net of withholding taxes using the tax rates applicable to non-resident institutional investors, and hence give a lower total return than indices where calculations are on a Gross basis (which assumes that no withholding tax is suffered). As the Company is subject to withholding tax rates for the majority of countries in which it invests, the NR basis is felt to be the most accurate, appropriate, consistent and fair comparison for the Company.
Sources: BlackRock, Standard & Poor’s Micropal
