Citywire Selection Verdict: It has been a rocky ride for Brazilian Equities, which make up more than 65% of the Latin American index, and last year’s market falls were among the worst in emerging markets. An overweight to Brazil and the impact of gearing means the trust suffered more than its index last year but Landers is expecting to see a return to form by Brazil’s large caps this year. Investors can also buy into the trust at a discount to its new asset value, making it attractive relative to the open-ended version. The fund’s long-term potential is strong, although it is likely to remain a volatile pick.
For more details view the latest fund factsheet.