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Top 5 Pacific Funds
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ShareMutual funds focusing on the Pacific Basin countries provide a truly unique investment opportunity to investors. Among this region’s inherent strengths are the world’s most advanced technological capabilities and a burgeoning pool of savings. Fast growing potential markets are another unique regional feature. Tapping into the strengths of both mature and developing economies, these funds can provided added diversification to any portfolio. Moreover, they present an exciting mix of growth and safety for capital invested.
Below we will share with you 5 top rated Pacific funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific funds, then click here.
Fidelity Pacific Basin (FPBFX) invests the majority of its assets in securities of Pacific Basin issuers and other investments with economic linkages to the region. It allocates funds to a specific country on the basis of its relative market size compared to the region as a whole. It focuses on purchasing common stocks. The Pacific fund has a five year annualized return of 8.26%.
The Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.63%.
Matthews Asia Dividend (MAPIX) seeks total return and focuses on providing current income. At least 80% of its assets are invested in income producing securities issued by Asia Pacific region companies. The fund purchases stocks, convertible securities and other equity securities. The Pacific fund has a three year annualized return of 11.31%.
Jesper Madsen is the fund manager and has managed this Pacific fund since 2006.
Aim Asia Pacific Growth A (ASIAX) invests the majority of its assets in securities of companies located in the Asia Pacific region. It focuses on purchasing marketable securities, but may also hold synthetic instruments. It usually invests in at least three countries in the Asia Pacific region. The fund has a ten year annualized return of 7.08%.
As of December 2009, this Pacific fund held 69 issues, with 3.09% of its total assets invested in SM Investments Corp.
T. Rowe Price New Asia (PRASX) seeks long term capital appreciation. It invests a large share of its assets in companies located in China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The fund also invests in companies with interests in Vietnam and Pakistan. It purchases stocks of companies with varying market capitalizations. It is non- diversified and a no-load fund.
The Pacific fund returned 108.41% over the last one year and has a five year annualized return of 17.99%.
Guinness Atkinson Asia Focus (IASMX) invests the majority of its assets in common and preferred stocks as well as convertible securities of Asian companies. It purchases securities issued by companies of different sizes and invests in at least four different countries. The Pacific fund returned 86.86% over the last one year period.
Timothy W.N. Guinness is the fund manager and he has managed this Pacific fund since 2003.
To view the Zacks Rank and past performance of all Pacific funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on FPBFX.MAPIX
Read the full analyst report on ASIAX
Read the full analyst report on PRASX
Read the full analyst report on IASMX
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| Market Summary | May 26, 2012 08:00 am ET |
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