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BlackRock Frontiers Investment Trust plc

About this investment trust

Growth
Frontier Markets
Shares

The Company’s investment objective is to achieve long term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, less developed countries. These countries (the “Frontiers Universe”) are any country which is neither part of the MSCI World Index of developed markets nor one of the eight largest countries by market capitalisation in the MSCI Emerging Markets Index as at 1 April 2018: being Brazil, China, India, Korea, Mexico, Russia, South Africa, and Taiwan.

Why choose it?

The degree to which different less developed markets move in relation to one another can be extremely low and the growth potential within each country will depend on their domestic, political and economic situations. Over a medium to long-term horizon, this can create attractive opportunities for investors. Capital growth values may fluctuate and the level of income may vary from time and is not guaranteed.

Frontier markets are equity markets in smaller countries that are at an earlier stage of economic and political development and less established than emerging markets. Countries include Argentina, Kuwait and Nigeria among others.

Suited to…

Investors targeting capital growth and looking to diversify their portfolio, who have a high appetite for risk and are able to commit to medium to long-term investments.

Citywire winner Aj bell awards Moneywise investment trust Kepler income rating Rated logo 2019

Moneywise Award: As at 30 March 2018.
AJ Bell Award: As at 21 September 2018.
Citywire Award: As at 14 November 2018.
Kepler Rating: As at 30 January 2019.
Money Observer Award: As at 8 February 2019.
Awards/Ratings have not been superseded to date.


Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

What are the risks?

  • Capital is 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.
  • Overseas investment will be affected by movements in currency exchange rates.
  • Emerging market investments are usually associated with higher investment risk than developed market investments. Therefore the value of these investments may be unpredictable and subject to greater variation.
  • Investment strategies, such as borrowing, used by the Trust can result in even larger losses suffered when the value of the underlying investments fall.
  • Frontier markets are generally more sensitive to economic and political conditions than developed and emerging markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the Fund. There may be larger fluctuations to the value of your investment and increased risk of losing your capital.

Useful documents

To find out the latest information on BlackRock Frontiers Investment Trust plc click on the links below.

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Performance & holdings snapshot

Price Chart:
The BlackRock Frontiers Investment Trust plc. Ordinary share price and cum fair Net Asset Value (NAV). Pence Sterling. Source Morningstar, updated daily for period selected. Time period can either be selected from options available, or on chart below (line is for illustration purposes only and does not reflect actual value). Price chart does not include ongoing charges, transaction fees or other expenses.

Net Asset Value (NAV) performance statistics are based on an NAV with income included with any income reinvested on the ex-dividend date, net of ongoing charges and any applicable performance fee.

Share price performance figures are calculated on a mid market basis in sterling terms with income reinvested on the ex-dividend date.

Net Asset Value (NAV) performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance.

Price/Trading Table:
The BlackRock Frontiers Investment Trust plc. Pound Sterling, Source Morningstar, updated every second day, excluding non-trading days.

Annual Performance:
The BlackRock Frontiers Investment Trust plc, reference index (MSCI Emerging Markets Index ex Selected Countries + MSCI Frontier Markets Index + MSCI Saudi Arabia Index (net total return, USD)) and Morningstar Investment Trust Global Emerging Category. Pound Sterling. Source: Morningstar, as at last quarter end.

Last Reported Holdings
The BlackRock Frontiers Investment Trust plc. Source Morningstar, as at month end. The specific companies identified and described above do not represent all of the companies purchased or sold, and no assumptions should be made that the companies identified and discussed were or will be profitable. Allocations are as of the date shown and do not necessarily represent current or future portfolio holdings.

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

Fund Manager Commentary

Portfolio manager biographies

Sam Vecht is co-manager of BlackRock Frontiers Investment Trust plc. He is Head of the Emerging Europe & Frontiers team within the Fundamental Active Equity division of BlackRock's Active Equities Group and is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. He is also co-manager of the BlackRock Greater Europe Investment Trust plc and the BlackRock Latin American Investment Trust plc. Sam joined BlackRock in 2000 in the Global Emerging Markets Team. He has a degree in international relations and history.

Emily Fletcher is co-manager of the BlackRock Frontiers Investment Trust plc, and is a member of BlackRock's Emerging Markets Specialist Team, within the Fundamental Equity division of the Alpha Strategies Group, specialising in African and Frontier markets. Emily has degrees in experimental and theoretical physics.

Useful Information

  1. Board of Directors
  2. Fees & charges
    Annual Expenses as at Date
    30/09/2018
    Ongoing Charge (including any Performance Fee)
    1.42%
    Management Fee Summary
    Management fee is 1.10% p.a. of the Gross Assets. Performance fee 10% of any NAV outperformance of the MSCI Emerging Markets Index ex Selected Countries + MSCI Frontier Markets Index + MSCI Saudi Arabia Index (net total return, USD).
  3. Fund codes
  4. Fund management
  5. Key dates
  6. Key documents

To get in touch contact us on:

Telephone:
0207 743 3000