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.
Will MRPCX 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 MRPCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MRPCX 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 MRPCX’s parent organization’s priorities and whether they’re in line with investors’ interests.