Research on BlackRock Frontiers Investment Trust PLC (BRFI:LON) from Capital Access Group
Index concentration has accelerated and the US now makes up 63% of the MSCI ACWI, while China, Taiwan and South Korea together account for the same share of the MSCI Emerging Markets Index. These markets are themselves dominated by a few very large companies, so investors seeking genuine diversification must look more widely. BlackRock Frontiers Investment Trust (BRFI) offers exactly that, with c 50 stocks across 18 countries representing almost a fifth of the world's population yet under 1% of global market capitalisation. Experienced co-managers Sam Vecht and Emily Fletcher, supported by BlackRock's deep research resources, combine top-down and bottom-up analysis to find opportunities in smaller emerging and frontier markets. The result is a highly differentiated global portfolio that has delivered lower volatility, attractive mid- and longer-term returns, and an above-average dividend yield (currently 4.0%).
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