BlackRock Emerging Markets Fund, Inc.
MDDCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Anne Frances Ackerley
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- WILMINGTON DE 19809 Wilmington DE United States of America 19809
- IPO Date
- Oct 21, 1994
- CIK
- 0001493107
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Emerging Markets Fund, Inc. (MDDCX) is an open-end equity mutual fund that seeks long-term capital appreciation primarily through investment in emerging market equities. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities of issuers located in emerging market countries, including those in Asia, Latin America, emerging Europe, and other regions; it employs a strategy combining top-down macro analysis with bottom-up fundamental research to outperform the MSCI Emerging Markets Index. Key portfolio holdings include Taiwan Semiconductor Manufacturing Co. Ltd. (10.11%), Tencent Holdings Ltd. (8.05%), Alibaba Group Holding Ltd. (3.61%), Sany Heavy Industry Co. Ltd. (3.57%), and Zijin Mining Group Co. Ltd. (2.85%), with significant sector allocations to technology (25.88%), financial services (24.15%), and communication services (11.44%); regional exposure emphasizes emerging Asia (47.15%), developed Asia (26.75%), and Latin America (9.08%). Launched on October 21, 1994, and domiciled in the United States, the fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., which is headquartered in New York City. The Investor A share class (MDDCX) features a net expense ratio of 1.12%, a front-end load of 5.25%, and a minimum initial investment of $1,000, with total net assets of approximately $2.15 billion. In recent portfolio adjustments during 2024, the fund increased exposure to China following favorable policy announcements, initiated positions in Prudential plc and SK hynix Inc., reduced holdings in Samsung Electronics Co. Ltd. and Petrobras, and shifted sector weights to overweight utilities and real estate while underweighting materials and energy. Management changes in 2025 include the addition of Egon Vavrek as portfolio manager effective April 16, 2025, amid BlackRock's broader global emerging markets team restructure that created dedicated emerging markets and Asia core and frontiers teams; current managers are Gordon Fraser (since 2017), Kevin Jia (since 2020), Emily Fletcher (since 2024), and Vavrek. Parent company BlackRock, Inc. completed major acquisitions including Global Infrastructure Partners in September 2024 and HPS Investment Partners in June 2025 to bolster private markets capabilities, alongside raising over $250 million in November 2025 for its Climate Finance Partnership targeting sustainable investments in emerging markets in Asia, Latin America, and Africa.