Telefonica Brasil SA
Which Stocks Saved the BlackRock Latin America Fund in 2015?
The BlackRock Latin America Fund – A (MDLTX) fell 5.2% in December 2015 from a month prior.
Why the ProFunds UltraLatin America Inv Fund (UBPIX) Tanked in August 2015
The ProFunds UltraLatin America (UBPIX) nose-dived by 19.4% in August 2015 from a month ago—the biggest fall among the eight funds we’ve analyzed in this series.
A Few Stocks Salvaged MDLTX Year-to-Date through November in 2015
MDLTX was down 2.4% in November 2015 from a month prior. In the three- and six-month periods ended November 30, the fund fell 5.8% and 19.9%, respectively.
Brazilian Consumer Confidence Fell Further in November
With a drop in consumer confidence, the iShares MSCI Brazil Capped ETF (EWZ) and the Direxion Daily Brazil Bull 3X ETF (BRZU) were down 0.36% and 0.89%, respectively, as of December 14.
Sectoral Composition of BlackRock’s Latin America Fund
The BlackRock Latin America Fund (MDLTX) seeks long-term growth of capital by investing “primarily in Latin American equity and debt securities.”
Michel Temer Takes Over: What’s Next for Dilma Rousseff?
If Dilma Rousseff is impeached by the Senate, Michel Temer will head the government until 2018 before the next election.
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.
Domestic Investors Partake in the Action in Brazilian Equities
Brazilian stocks have had a tremendous 2016 so far. Prior to what has turned out to be a difficult May, the Ibovespa stock index rose 24%.
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.
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.
BRFS, CX Dragged Down BlackRock Latin America Fund in October 2015
The BlackRock Latin America Fund – A (MDLTX) rose just 3.8% in October 2015 from a month ago.
How Financials Hobbled the BlackRock Latin America Fund in September
The BlackRock Latin America Investor A Fund fell by 7.0% in September from August 2015. But between September and October 28, the fund rose by 5.3%.
The BlackRock Latin America Investor A Fund (MDLTX): Portfolio Overview
The BlackRock Latin America Fund invests “in Latin American equity and debt securities” but does not seek to spread its portfolio across a lot of countries.
Which Sectors Have Hurt Brazil ETFs the Most?
Brazil ETFs have had a rough 2015 so far. Financials were the biggest negative contributors to returns, at -11.27%.
Oaktree Capital Bids Farewell to Telefonica Brasil
Telefonica Brasil is the largest telecom company in Brazil and is the subsidiary of Spanish telecom company, Telefonica (TEF).