The managers of BlackRock Frontiers Investment Trust (BRFI) currently see a historic valuation dislocation between their investment universe and the broad global market, with a P/E discount of c 40% potentially offering a multi-year re-rating opportunity. BRFI is a unique proposition for emerging markets investors, avoiding the largest markets – which between them account for around 90% of global EM investment – in favour of overlooked and often faster-growing countries at an earlier stage of development. Experienced Co-managers Sam Vecht and Emily Fletcher, backed by BlackRock's deep research resources, blend top-down and bottom-up considerations to find investment opportunities in smaller emerging and frontier markets, resulting in a highly differentiated global portfolio that has delivered lower volatility and attractive returns to investors over the short and longer term, as well as an above-average dividend yield (currently 4.2%).
