BlackRock Latin America (BRLA) offers exposure to the commodity-rich Latin American equity markets, which are flourishing in the current inflationary environment. As we discuss under Performance, BRLA was the top-performing investment trust in any sector during Q1 2022, thanks to the strength of commodity markets and the strength of its currencies boosting corporate profits. Yet despite high commodity prices seeming to become entrenched, the region still trades on a significant discount to its five-year average valuation.
