BlackRock announced that backup manager Alethea Leung will leave BlackRock Asian Dragon MDPCX. This departure comes on the heels of manager Andrew Swan’s unexpected April 2020 exit, which led to a downgrade in the strategy’s People rating from Above Average to Below Average. Stephen Andrews, who took over when Swan left, remains. Most of Andrews’ previous experience was on the sell side, and he is untested as a manager.
BlackRock Asian Dragon Institutional MAPCX
NAV / 1-Day Return
20.93
/
1.06
%
Total Assets
164.1 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.140%
Expense Ratio
1.140%
Fee Level
Average
Longest Manager Tenure
0.93
years
Category
Pacific/Asia ex-Japan Stk
Investment Style
Large BlendMin. Initial Investment
2,000,000
Status
Open
TTM Yield
0.55%
Turnover
13%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MAPCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of MAPCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
BlackRock Asian Dragon’s Ratings Unchanged as Another Manager Departs
