Banco Bradesco S.A.
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The EP Latin America Fund A (EPLAX): Historical Portfolio Overview
The EP Latin America Fund Class A invests in companies that derive “at least 50% of its revenues or profits from business activities in Latin America.”
Brazil in Doldrums: How Have Latin America–Focused Funds Fared?
In 3Q15, Brazil’s economy fell 4.5% from a year ago, the sharpest fall since the new gross domestic product calculation system was instituted in 1996.
Portuguese Bond Spreads Have Been Rising
Portuguese bond yields have been rising, especially since the end of December. The spreads between Portuguese bonds have been rising as well.
How the Brazilian Stock Rally Has Impacted LatAm–Focused Funds
Several LatAm–focused funds have posted high double-digit returns in 2016. Those invested in Brazilian stocks have outperformed those focused on Mexico.
High Exposure to Financials Worked for PRLAX
The T. Rowe Price Latin America Fund (PRLAX) surged 27.3% in the first four months of 2016. In the past year, it fell 8.1%.
What’s MDLTX’s Portfolio Position Year-to-Date in 2016?
MDLTX seeks long-term capital growth by investing “primarily in Latin American equity and debt securities.”
BlackRock Latin America Fund and Brazilian Equities
The BlackRock Latin America Fund’s standard deviation, or the volatility of returns, in the one-year period until March 24, 2016, was 24.6%. It’s lower than the peer group’s average of 25.2%.
One-Year Quantitative Metrics Don’t Have Good News for MDLTX
From a purely net asset value return standpoint, MDLTX had a below-average one-year period until February 17, 2016, and an average 2015.
MDLTX: A Fund with a Focus on Financials and Consumer Staples
As of December 2015, MDLTX’s assets were invested across 60 holdings and it was managing assets worth $141.6 million.
Has Latin America Lost 2016 Already? A Look at Mutual Funds
2015 was horrible for Latin America–focused mutual funds (BDERX) (ELAAX).
Portfolio Composition of MDLTX through November 2015
MDLTX’s assets were invested across 61 holdings as of November 2015, and it was managing assets worth $160.1 million.
