China equity manager Jing Ning (pictured) has left BlackRock, the asset management giant has confirmed.
A spokesperson for BlackRock confirmed that Jing, who had managed the $725 million BGF China A2 USD since June 2008, left the company on 21 June 2013.
Following the departure, Andrew Swan, head of the Asian Fundamental Equity team, and Emily Dong, co-manager of the BGF Asian Growth Leaders Fund, have been named co-managers on the BGF China Fund.
Emily Dong has been part of the team managing the BGF China Fund since 2010 and was responsible for stock recommendations and management of the fund.
With more than 10 years of experience, Dong hails from Tianjin, China, where she studied at both Peking University and Harvard Business School.
Commenting on the change, BlackRock said: ‘China equities is an area we are developing with a new focus and are currently building capacity in.'
'We were awarded our second QFII allocation of US$100 million in March of this year and will be announcing how we apply this in due course as we look to deepen our Chinese investment market offering through all our channels.’
Over the three years to the end of June, the BGF China fund lost 2.01%. This compares to a rise of 0.12% by its Citywire benchmark, the MSCI China TR USD.