Matthews funds

Occidental tourists get another shot at Matthews Asia funds

Firm reopens five-star funds, giving closed-out investors a chance to buy in at lower prices

Matthews International Capital Management LLC is re-opening two of its Matthews Asia mutual funds, thanks to a combination of performance issues and outflows giving the funds fresh capacity to take on new money.
The five-star $3.1 billion Matthews Asian Growth and Income Fund and the five-star $316 million Matthews Asia Small Companies Fund are set to reopen to investors Jan. 4. The funds were closed about one year ago because they were growing too large for the portfolio managers to put new money to work effectively.
The Matthews Asian Growth and Income Fund is approximately $1 billion lighter now than it was when it closed Jan. 7 after a year-to-date return of nearly -13% and $582 million of outflows through the end of November, according to Morningstar Inc. The Matthews Asia Small Companies Fund has lost $150 million to outlfows, or about 31% of the $479 million in assets it had at the beginning of the year.
Even though the funds have struggled on an absolute basis, they’ve still performed well in a tough category, said Bill Rocco, a mutual fund analyst at Morningstar. The average Pacific/Asia ex-Japan stock fund is down 23% year-to-date, 10% worse than the growth-and-income fund, and 2% worse than the small-companies fund. The category has been hurt by fears of slowing growth in China and inflation throughout the rest of emerging Asia, Mr. Rocco said.
“The openings are good news for investors who want an Asia-focused fund, because now they have two more options,” Mr. Rocco said.
The Matthews Asian Growth and Income Fund focuses on dividend-paying stocks, preferred stocks and convertible bonds in the Asian market, all three of which tend to hold up relatively well in a volatile market, Mr. Rocco said. The fund did recently have a manager change that bears watching, he said.
Andrew Foster, the fund’s lead portfolio manager since 2003, left Matthews in March to start his own investment company, Seafarer Capital Partners LLC.
Jesper Madsen, lead portfolio manager of the Matthews Asia Dividend Fund and the Matthews China Dividend Fund, took over as lead portfolio manager along with Mr. Horrocks, the fund’s co-lead manager. “Madsen’s a good manager, but there is possibly concern he may be stretched too thin with three funds, and it’s something we’re keeping an eye on,” Mr. Rocco said. Matthews recently added a co-manager to the fund, Kenneth Lowe, which helps alleviate some of the concerns, he added.
Victoria Odinotska, Matthews’ spokeswoman, said the firm has also added an additional analyst to the Matthews Asian Growth and Income Fund. “Matthews continues to beef up the management of all of its funds,” she said.
The Matthews Small Companies Fund invests in small-cap Asian companies. It was launched in September 2008, and its three-year annualized return of 28% places it second-best in the category.

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Matthews Mission Fund


Jordan Matthews established Matthews Mission in 2016 to give back to the communities that have shaped him as an athlete, teammate, friend and citizen. In 2018 his wife, Cheyna joined him, adding her desire to give back with an emphasis on women’s empowerment as they began to collectively serve communities through Matthews Mission.

Matthews Mission central theme is to work with these communities to FEED: Feed the hungry, Educate the children, Empower the family and Donate to those in need. Jordan not only supports Matthews Mission financially but provides input on all major decisions and constantly seeks new opportunities and organizations to further the FEED initiative. Your endless support through sponsorships, donations and your time will positively impact many lives for years to come.  We personally thank you for enriching the lives of others through your endless support.


*Your credit card statement will read The Community Foundation of Middle Tennessee.

Learn More About Matthews Mission
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Matthews China still benefits from significant personnel and other advantages over its competition. Both of its share classes retain their Morningstar Analyst Ratings of Gold.

Lead manager Andrew Mattock and comanager Winnie Chwang now run Matthews China Small Companies MCSMX as well as this fund, and Chwang now serves as a comanager on Matthews Pacific Tiger MAPTX as well as Matthews Asia ESG MASGX. But this fund remains in better hands than most China region funds. For starters, Mattock and Chwang are seasoned and skilled China-stock experts. Chwang works with talented and experienced managers on both Mathews Pacific Tiger and Mathews Asia ESG. And Mattock and Chwang have a total of 31 Asia-investing authorities to draw on for support, and the group includes many China specialists, such as macro strategist Andy Rothman and analyst Hardy Zhu (who focuses on this fund and Matthews China Small Companies).

Further, Mattock and Chwang aren't overextended. This fund uses the same growth process as Matthews China Small Companies, Matthews Pacific Tiger, Matthews Asia ESG, and several other Matthews funds, and the four funds they run have overlapping universes and portfolios. (This fund and Matthews China Small Companies held 13 names in common as of Dec. 31, 2020.)

This fund continues to enjoy a strategic edge over most rivals, because the Matthews growth discipline is sound, differentiated, and proven. Indeed, the process has earned good long-term results at both single-country funds (including Matthews China Small Companies) and regional funds (including Matthews Asia ESG).

Mattock and Chwang have earned strong results here: This fund has posted better total and risk-adjusted returns than its typical peer and the MSCI China Index during Mattock's.75-year tenure at the helm. It also has relatively modest costs that give it an ongoing edge over most of its rivals. And this fund remains a superior source of China exposure for investors who have long time horizons and can handle the volatility that comes with all single-country emerging-markets funds.


Matthews Asia Merges Two Funds Due to Asset Overlap: Portfolio Products

What You Need to Know

  • The Matthews Asia Emerging Asia and Asia Small Companies funds are being combined into a new emerging markets fund.
  • FTSE Russell is adding Chinese government bonds to its World Government Bond Index.
  • Pacer ETFs and AllianzIM roll out the April series of buffer ETFs.

Matthews Asia is merging its $144 million Matthews Emerging Asia fund into the $234 million  Matthews Asia Small Companies fund on or near April 30, 202,1 in a tax-free reorganization following approval by the firm’s board of trustees.

The succeeding fund will be named the Matthews Emerging Markets Small Companies Fund, which aims to invest at least 80% of its net assets in the common and preferred stocks of small-capitalization companies located in emerging market countries.

These generally include every country in the world except the U.S., Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe.

The reorganization, which does not require shareholder approval, is designed to address the fact that Asia now represents roughly 75% of the emerging markets small capitalization universe, which resulted in an increasing overlap between the investment strategy of the firm’s emerging markets Asia fund and small company fund.

Further changes are possible if they’re required by the SEC to approve the amendment to the registration statement.

Robert Harvey, lead manager of Matthews Emerging Asia Fund, will become a co-manager of the new fund, along with Jeremy Sutch, who had been a senior research analyst at Matthews Asia. Vivek Tanneeru, who had been lead manager of Matthews Asia Small Companies Fund, will be the lead manager of the new fund.

CFRA Launches 5 ESG-Focused Model Portfolios

CFRA, a leading provider of independent investment research, has rolled out five new ESG-focused model portfolios, which join an existing roster of 15 equity and ETF model portfolios.

The five new model portfolios include U.S. and Europe Climate Change Friendly Model Portfolios, U.S. and Europe Women’s Participation Model Portfolios and a Global ESG Asset Allocation Model Portfolio.

The climate change friendly portfolios focus on companies that “have lower carbon exposure, are less dependent on fossil fuels, and meet our rigorous internal screening and analysis processes,” said Paul Beland, head of equity research at CFRA.

The included companies rank in the top two ratings (four or five star) of CFRA’s STARS (Stock Appreciation Ranking System) framework,  a qualitative stock selection methodology based on fundamental equity research conducted by CFRA’s equity analysts. 

The women participation portfolios include four- and five-star companies that also  receive CFRA’s highest proprietary forensic accounting scores and most important, have  women in key leadership positions.

The Global ESG Asset Allocation ETF Model Portfolio includes both stock and bond ETFs selected from a universe of more than 125 indexed and actively managed ESG funds based on assessments of risk, reward and cost attributes and seen as having the  highest likelihood of outperforming its respective asset category. 

All the new model portfolios will  be managed by CFRA’s expert Portfolio Management Committee, a 12-member team with an average of more than 20 years’ relevant experience per person. 


Funds matthews

Matthews Asian Growth and Income Fund
Matthews Asia Funds
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Mutual Funds are among the most popular types of investment vehicles. Mutual funds offer certain advantages over individual securities, such as the ability to diversify the client’s holdings along with the services of a professional money manager. However, with thousands of mutual funds available, each with varying asset classes, investment risk profiles, fees affecting returns and tax ramifications, investing in mutual funds can be quite complex.

Whether you are interested in money market funds, bond funds or stock funds, deciding which type of fund or combination is dependent on many factors.

At Jeffrey Matthews, we take what can be a confusing process and simplify it for our clients, providing you with the right information at the right time in order to help you make the most educated investment decision. Furthermore, we continually monitor the financial markets and we will assist you in monitoring your portfolio in order to make sound investment decisions as your goals change.



Bond Funds

Because there are many different types of bonds, bond funds (also called fixed income funds) can vary dramatically in their risks and returns. Bond funds generally have higher risks than money market funds — which have relatively low risks since, by law, they can invest only in certain high-quality, short-term investments issued by the U.S. government, U.S. corporations, and state and local governments. Unlike money market funds, bond fund strategies can vary, as they can seek to produce higher yields.

Stock Funds

Stock funds (also called equity funds) typically fall into the following broad categories:
  • Growth: A fund that focuses on stocks that may not pay a regular dividend but have the potential for large capital gains.
  • Income: A fund that invests in stocks that pay regular dividends.
  • Index: A fund that aims to achieve the same return as a particular market index, such as the S&P 500 Composite.
  • Sector: A fund that may specialize in a particular industry segment, such as technology or consumer products stocks.

Balanced Funds

A fund that combines a stock component, a bond component and, sometimes, a money market component in a single portfolio. Generally, these hybrid funds stick to a relatively fixed mix of stocks and bonds, which reflects either a moderate (higher equity component) or conservative (higher fixed-income component) orientation.


A domestic fund invests in securities issued by companies based in the U.S. Depending on the funds strategy, investments within a given fund can include growth and value companies, small/mid/large cap companies, as well as blends.

International Funds

An International Fund (also called a Foreign Fund) is generally a mutual fund that can invest in companies located anywhere outside of the United States of America. An international fund can typically be distinguished from a global fund in that a global fund includes the entire world, which therefore includes U.S. securities.

529 College Savings Plans

529 college savings plans, so-called because they are established under Section 529 of the federal income tax code, are established by states for the purpose of providing a program for individuals wishing to invest to pay for qualified higher education expenses. Usually, but not always, structured similar to a mutual fund or fund of funds, 529 college savings plans are offered by virtually every state. Each state may provide a range of investment options, and the investment options may vary greatly from state to state.


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