BlackRock Emerging Markets Fund, Inc. (MADCX)
BlackRock Emerging Markets Fund, Inc. operates in the Asset Management industry of the Financial Services sector, headquartered in Wilmington, DE, US. The stock last traded at $35.60, up 0.00% on the session, giving a market capitalisation of $2.23B. Its beta of 1.18 implies it has historically moved more than the broad market.
This fund typically commits a minimum of 80% of its net assets, plus any borrowed capital utilized for investment, to equity instruments issued by companies located in developing economies. These developing economies are broadly situated across regions including Asia, Latin America, Eastern Europe, and Africa. In this context, the definition of developing capital markets encompasses, but is not exclusively confined to, the markets of all countries that constitute the MSCI Emerging Markets Index. Furthermore, the fund typically allocates capital to a minimum of three distinct countries simultaneously.
BlackRock Emerging Markets Fund, Inc. is most often compared with the following Financial Services names: