Our conviction in BlackRock Asian Dragon has diminished since the departure of former lead manager Andrew Swan in April 2020. We remain cautious about his replacement Stephen Andrews and the team’s instability, and we have reservations around the investment process’ repeatability. The U.S.-domiciled vehicle’s K share class continues to carry a Morningstar Analyst Rating of Neutral, while the more expensive share classes are rated Negative.
Will MAPCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MAPCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MAPCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MAPCX’s parent organization’s priorities and whether they’re in line with investors’ interests.