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Equity

BGF Latin American Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

The fund invests a large portion of assets which are denominated in other currencies; hence changes in the relevant exchange rate will affect the value of the investment. Compared to more established economies, the value of investments in developing Emerging Markets may be subject to greater volatility due to differences in generally accepted accounting principles or from economic or political instability. The fund may invest in smaller company shares which can be more unpredictable and less liquid than those of larger company shares. Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political or regulatory events.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

  • Returns

  From
30-Sep-2014
To
30-Sep-2015
From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of 30-Sep-19

-36.22 24.25 23.48 -9.34 8.18
Benchmark (%) Index: MSCI EM Latin America - Net Dividends<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of 30-Sep-19

-38.65 28.65 25.59 -9.09 6.70

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Chart

Performance chart data not available for display.
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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of 22-Oct-19 USD 1,062.247
Base Currency U.S. Dollar
Fund Launch Date 09-Jan-97
Share Class launch date 09-Jan-97
Asset Class Equity
Morningstar Category Latin America Equity
Benchmark Index MSCI EM Latin America - Net Dividends
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0072463663
Bloomberg Ticker MERLTAI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 5301300
Bloomberg Benchmark Ticker NDUEEGFL
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF Latin American Fund, Class A2, as of 30-Sep-19 rated against 259 Latin America Equity Funds.

Holdings

Holdings

as of 30-Sep-19
Name Weight (%)
PETROLEO BRASILEIRO SA 9.67
ITAU UNIBANCO HOLDING SA 8.13
BANCO BRADESCO SA 7.69
VALE SA 6.46
AMBEV SA 4.75
Name Weight (%)
AMERICA MOVIL SAB DE CV 4.39
FOMENTO ECONOMICO MEXICANO SAB DE CV 4.37
GRUPO FINANCIERO BANORTE SAB DE CV 3.84
B3 SA BRASIL BOLSA BALCAO 3.84
BANCO DO BRASIL SA 3.45
Holdings subject to change

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
Class A2 USD None 71.74 1.49 2.12 78.20 64.11 - LU0072463663 - -
Class A2 GBP None 55.52 1.46 2.70 62.49 50.32 - LU0171289738 - -
Class A2 Hedged PLN None 9.18 0.19 2.11 10.04 8.30 - LU0480534832 - -
Class A4 EUR Annual 60.92 1.39 2.33 66.07 53.46 - LU0408221785 - -
Class D2 Hedged PLN None 9.68 0.19 2.00 10.57 8.70 - LU0827884338 - -
Class X4 GBP Annual 51.13 1.35 2.71 58.76 46.72 - LU0462858670 - -
Class D2 GBP None 61.18 1.61 2.70 68.71 55.08 - LU0827883876 - -
Class D4 GBP Annual 51.63 1.37 2.73 58.75 47.09 - LU0827884098 - -
Class I2 USD - 11.96 0.25 2.13 13.00 10.59 - LU1847653067 - -
Class D2 Hedged CHF None 6.87 0.14 2.08 7.53 6.26 - LU0827884171 - -
Class A2 Hedged HKD None 9.59 0.20 2.13 10.47 8.63 - LU0788109048 - -
Class D2 EUR None 71.01 1.63 2.35 76.43 61.60 - LU0252965164 - -
Class D2 Hedged EUR None 55.00 1.14 2.12 60.31 50.09 - LU0827884254 - -
Class D2 USD None 79.06 1.66 2.14 85.99 70.16 - LU0252970081 - -
Class D2 Hedged SGD None 7.21 0.15 2.12 7.86 6.46 - LU0827884502 - -
Class D2 Hedged GBP None 46.02 0.95 2.11 50.43 41.58 - LU0827884411 - -
Class A2 Hedged SGD None 6.84 0.14 2.09 7.47 6.17 - LU0572108347 - -
Class A2 Hedged AUD None 10.88 0.23 2.16 11.93 9.83 - LU1023057877 - -
Class I2 EUR - 10.75 0.25 2.38 10.75 9.79 - LU0368234455 - -
Class A4 GBP Annual 51.67 1.37 2.72 58.46 47.08 - LU0204063647 - -
Class D4 EUR Annual 60.87 1.39 2.34 66.39 53.51 - LU0827883959 - -
Class A2 EUR None 64.44 1.48 2.35 69.52 56.25 - LU0171289498 - -
Class A2 Hedged CHF None 6.53 0.13 2.03 7.18 5.96 - LU0521028802 - -

Portfolio Managers

Portfolio Managers

Ed Kuczma
Ed Kuczma

Literature

Literature