UPDATE (Oct 2026): BRLA returned -36% in 2024 versus -26% for its benchmark, and +55% in 2025 versus +55%. In the first half of 2026, it produced +5% versus +11%. The trust did not meet its performance target for the tender offer covering the four years to December 2025, which saw 30% of shares tendered versus the 25% offered under the terms of the transaction.

BlackRock Latin American (BRLA) was launched in 1990 and has been managed by BlackRock since 2006 when they took over from F&C. After the wind-down in 2023 of abrdn Latin American, BLRA is now the only trust in the AIC's Latin Amer...