Total Ongoing Charges
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Blackrock Frontier Markets is an Investment Trust that invests in companies listed on relatively illiquid stock markets located in less developed, 'frontier' markets. The fund is actively managed, takes long and some short positions, and is benchmark unaware in its approach. It is managed by Sam Vecht and Emily Fletcher, focusses on owning well managed, cash flow generative companies and is diversified across many regions and countries. The trust has a fixed life, and investors will be offered an exit from the fund at asset value in 2016, ensuring the trust's discount should not deviate too far from asset value over the life of the fund. The trust is a good example of the how the investment trust structure can be used to invest in more esoteric asset classes, and is best viewed as a long term complement to the larger Global Emerging Market funds.
BlackRock Frontiers Investment Trust plc is a United Kingdom-based investment trust company. The Company's principal activity is portfolio investment. The Company's investment objective is to achieve long-term capital growth from investment in companies operating in Frontier Markets or the companies' stocks, which are listed on the stock markets of such countries. It will seek to maximize total return and will invest globally in the securities of companies domiciled or listed in, or exercising the predominant part of their economic activity in, Frontier Markets. The Company invests approximately 5% of its gross assets (at the time of such investment) in unquoted securities. The Company invests in a range of sectors, such as financials, consumer staples, telecommunications, energy, healthcare, industrials, consumer discretionary, utilities, materials and technology. BlackRock Fund Managers Limited is the investment manager of the Company.
BRIEF: For the six months ended 31 March 2018, Blackrock Frontiers Inv Tst PLC revenues increased 40% to $48.3M. Net income increased 82% to $48.6M. Revenues reflect Realized Capital Gains/Losses - Total increase of 36% to $39.9M, Net profit from contracts for difference increase from $1.1M to $3M, Net income from contracts for difference increase from -$434K to $1.5M. Net income benefited from Other Administrative Expenses decrease of 7% to $104K (expense).
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Headline performance can mask the true characteristics of a fund. Without fully understanding how a fund is managed, you may inadvertanly become exposed to an undesirable level of risk to your capital. Some funds carry a dilution levy which reduces the number of units realised on any initial investment as an initial charge. If this fund carries such a levy it should be detailed in the Key Investor Information Document (KIID), which we must provide and you should read before investing.
The graphs shown are supplied by an external data provider and may contain data that appears to preced the introduction of the clean unit class for this fund. In such cases, historial data has been synthesised at the entire discretion of that external provider as realistically as possible using historical data recorded against the previously available commission-paying version of the fund, adjusting for fees in the process.
The documents listed below are the latest versions made available to our data provider by the fund management group, but may not necessarily reflect the applicable charges that would be levied should you purchase this fund via Charles Stanley Direct. You should treat the charges and other figures shown in the 'Overview' tab as accurate.
Fund Provider Factsheet
The Fact Sheet is supplied on a monthly basis by the management group and provides limited information on the fund. Past performance data and a review of how the fund has performed are commonly featured.
Key Information Document
This document, issued by the product provider, provides key information about an investment product. The information is required by law to help potential investors understand the nature, risks, costs, potential gains and losses of the product and enable comparison with other products.
A report published by the Fund Management Group detailing the progress of the fund during the course of the previous 12 months. The information provided includes a financial statement for the group as a whole.
730,426 bytes PDF Document; last updated 30 Sep 2017
Semi Annual Report
Published periodically through the course of the financial year of the fund, the report provides an overview of the fund's performance and the prospects for the remainder of the year. Included are portfolio changes (i.e. which stocks have been bought and sold), and changes in the geographical breakdown during the course of the previous 12 months.
has managed this fund for 5 years and 8 months.
Emily Fletcher is co-manager of the BlackRock Frontiers Investment Trust plc, and is a member of BlackRock's Emerging Markets Specialist Team, within the Fundamental Equity division of the Alpha Strategies Group, specialising in African and Frontier markets. Emily has degrees in experimental and theoretical physics.
has managed this fund for 7 years and 11 months.
Sam Vecht is co-manager of BlackRock Emerging Europe plc, and is co-head of BlackRock’s Global Emerging Markets Team in the Fundamental Equity Division of BlackRock's Alpha Strategies Group. He is responsible for managing long-only and long/short portfolios in both Emerging and Frontier markets. He is also co-manager of the BlackRock Greater Europe Investment Trust plc and the BlackRock Frontiers Investment Trust plc. Sam joined BlackRock in 2000 in the Global Emerging Markets Team. Sam has a degree in international relations and history.