The BlackRock Latin American Investment Trust (BRLA) provides investors with managed exposure to equities in the region, with the main country weightings being Brazil and Mexico (c 87% together). Over the last year, concerns over weakening global growth and US monetary policy have affected Latin American currencies and equities. The manager is cautious on Brazil but sees better near-term economic prospects for Mexico and Peru, where the portfolio holds overweight positions. With much of the bad news potentially built into market prices, sentiment could rapidly turn and in the meantime, holders of BRLA benefit from a 6.7% yield.