Strong year for LatAm trust

chairman highlights stock selection in brazil, mexico and chile as reasons behind returns

Merrill Lynch's Latin American investment trust has posted strong gains during its first period under the group's management, with Nav growth of 46% in dollar terms over 12 months to 31 December. On a share price basis, the trust grew 59% over the same period. The vehicle moved from F&C to BlackRock Mlim last April, after previous manager Rupert Brandt left the group to join Findlay Park. Commenting on the year, trust chairman Peter Burnell said individual countries have tended to look beyond electoral concerns and instead focused on the improving financial position, including falling go...