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Top Pacific Equity Funds
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ShareToday we are featuring top-performing “Pacific" equity mutual funds, which primarily invest in equity securities of companies based in the Pacific Basin because this diverse and economically vibrant region has the world's largest savings pools, its most advanced technological capabilities, its fastest-growing and largest potential markets, and its greatest centers of production.
Investors can find such Asian funds by checking out the entire list of the Zacks #1 Rank Pacific Equity Funds.
3 Solid Choices
T. Rowe Price New Asia (PRASX) seeks long-term capital appreciation. It was incepted in September 1990.
This Asian fund invests in companies with a wide range of market capitalizations which are located in Asia excluding Japan, or have major operations in this region. A large share of the assets of this Asian fund may be invested in a single company and it may own more of the company's voting stock than is allowed for a diversified fund.
As of July 2009, the fund had a portfolio turnover of 35% against a category average of 82%. The funds top holdings include T Rowe Price Reserve Investment Fund, Container Corporation of India Ltd and Hengan International. The New Asia Fund gained significantly in the third quarter compared to the MSCI All Country Asia ex-Japan Index and the Lipper Pacific Ex-Japan Funds Average. For the 12-month period ended September 30, 2009, the fund exceeded returns from these two indices.
Anh Lu has been lead manager of this Asian fund since April 2009. Lu has been with T Rowe Price since 2001 and has worked in the investment domain for the last10 years.
Matthews Pacific Tiger Fund (MAPTX) was incepted in September 1994. The Asian fund seeks long-term capital appreciation.
A majority of the fund’s assets, at least 80%, are invested in common and preferred stocks of companies located in the Pacific Tiger countries, excluding Japan. The countries from which the Pacific fund selects companies include China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
This Asian fund has an expense ratio of 1.19% against a category average of 1.97%. As of September 2009, it has a portfolio turnover of 17% against a category average of 82%. The funds top holdings include Hang Lung Group, PT Bank Central Asia and LS Corp. For the quarter ended September 30, 2009, the Matthews Pacific Tiger Fund was trailing the MSCI All Country Asia ex Japan Index.
Richard H. Gao has been lead manager of the fund since January 2006. Gao is a portfolio manager with Mathews and has been with the firm since 1997.
Fidelity Advisor Emerging Asia A (FEAAX) seeks to provide long-term growth of capital. It was incepted in March 1994.
Securities of Asian emerging market issuers and other investments that are tied economically to Asian Emerging Markets constitute the primary investments for this Asian fund. It invests primarily in common stocks. The Asian fund avoids maturing economies such as Korea and Taiwan and focuses exposure on Asia’s newly emerging markets.
This Asian fund has an expense ratio of 1.63% against a category average of 1.97%. As of July 2009, it has a portfolio turnover of 126% against a category average of 82%. The funds top holdings include Samsung Electronics Co, Tencent Holdings Ltd and China Life Insurance Company. As of October 31, 2009, the Pacific fund was trailing the MSCI AC (All Country) Asia ex Japan Index for the one year period.
Kevin Chang has been lead manager of the fund since September 2004. Chang has been with Fidelity Investments since 1995.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on PRASX
Read the full analyst report on MAPTX
Read the full analyst report on FEAAX
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| Market Summary | Feb 10, 2012 16:25 pm ET |
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