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BlackRock Frontiers Investment Trust (BRFI) Ordinary 1p

Sell:83.20p Buy:84.60p 0 Change: 1.40p (1.71%)
Market closed Prices as at close on 31 March 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 1.40p (1.71%)
Market closed Prices as at close on 31 March 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 1.40p (1.71%)
Market closed Prices as at close on 31 March 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.


The investment objective is to achieve long-term capital growth by investing in companies domiciled or listed in, or exercising the predominant part of their economic activity in, less developed countries. These countries are any country which is neither part of the MSCI World Index of developed markets, nor one of the eight largest countries by Market Cap in the MSCI Emerging Markets Index.
Security Weight
BlackRock ICS USD LiqEnvtlyAwr Agcy Inc 20.40%
Charoen Pokphand Foods PCL DR 3.36%
PTT Global Chemical PCL DR 3.23%
PT Bank Mandiri (Persero) Tbk 2.96%
Bank of The Philippine Islands 2.77%
Eastern Co SAE 2.65%
LT Group Inc 2.54%
Thai Beverage PLC 2.48%
Emaar Development PJSC Ordinary Shares 2.42%
Vivo Energy Plc Ord USD0.50 2.36%
Sector Weight
Financial Services 24.23%
Consumer Defensive 13.69%
Energy 11.55%
Basic Materials 11.40%
Real Estate 8.64%
Consumer Cyclical 7.13%
Industrials 6.91%
Communication Services 3.72%
Technology 1.65%
Utilities 1.62%
Country Weight
Thailand 12.29%
Indonesia 11.02%
United Arab Emirates 8.58%
Philippines 6.86%
Egypt 6.50%
Saudi Arabia 5.05%
Kazakhstan 4.12%
Pakistan 3.89%
Turkey 3.84%
Malaysia 3.82%

Fee Structure

Management fee is 1.10% p.a. of the Gross Assets. Performance fee is 10% of any NAV outperformance of the MSCI Emerging Markets Index. The contract is terminable on 6 months notice.

Dividend Policy

The Directors intention is to pay dividends bi-annually if they are to be paid, however they do not expect dividends to form a significant part of Shareholders returns.


Total number of holdings: 76.

Trust Manager

Sam Vecht

Manager Bio

Sam Vecht, CFA, Director and portfolio manager, is head of BlackRock's Emerging Europe equity team. Mr. Vecht's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr. Vecht began his career with MLIM in 2000 as a member of the Global Emerging Markets team.Mr. Vecht earned a BSc degree, with honours, in international relations and history from the London School of Economics in 2000, and he is fluent in Hebrew.

Board Of Directors

Audley Twiston-DaviesChairman, Stephen White, Sarmad Zok, Nick Pitts-Tucker, Katrina Hart

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.