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Top 5 Pacific Mutual Funds
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ShareThe Pacific Basin countries provide a truly unique investment opportunity to investors. Among the region’s major strengths are the world’s most advanced technological capabilities and a burgeoning pool of savings. Rapidly growing potential markets are another unique regional feature. Harnessing the strengths of both mature and developing economies, mutual funds focusing on this region ensure that they hold highly diversified portfolios. The emphasis on this region also represents an exciting mix of growth and safety for capital invested.
Below we will share with you 5 top rated Pacific mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific funds, then click here.
Wells Fargo Advantage Asia Pacific (SASPX) invests the majority of its assets in equity securities of companies located in the Asia Pacific region. It focuses on purchasing securities of companies which have the potential for superior earnings growth, sufficient financial resources and an efficient management team. The Pacific mutual fund has a ten year annualized return of 5.11%.
The Pacific mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.67%.
Matthews Asia Pacific (MPACX) seeks capital growth over the long term. The majority of the fund’s assets are invested in companies from the Asia Pacific region. Common and preferred stocks constitute the fund’s major investments. The Pacific mutual fund returned 19.85% in the last one year period.
As of June 2010, this Pacific mutual fund held 62 issues, with 3.04% of its total assets invested in Ctrip.com International, Ltd. ADR.
Fidelity Advisor Emerging Asia A (FEAAX) utilizes a large share of its assets to purchase securities of companies from emerging Asian economies. The fund allocates funds among countries after considering their size relative to the region as a whole. The Pacific mutual fund has a five year annualized return of 16.29%.
Colin Chickles is the fund manager and has managed this Pacific mutual fund since January 2010.
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. It purchases stocks of companies with varying market capitalizations. It is non- diversified and a no-load fund.
The Pacific mutual fund returned 27.42% over the last one year and has a ten year annualized return of 10.9%.
Ivy Pacific Opportunities A (IPOAX) invests at least 80% of its assets in equity securities of large and mid-cap companies. These firms must be those whose securities are traded on Pacific markets or those with half of their operations in the Pacific region. The Pacific mutual fund returned 11.94% in the last one year period.
The Pacific fund has a minimum initial investment of $500 and an expense ratio of 1.83% compared to a category average of 1.99%.
To view the Zacks Rank and past performance of all Pacific mutual 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 SASPX
Read the full analyst report on MPACX
Read the full analyst report on FEAAX
Read the full analyst report on PRASX
Read the full analyst report on IPOAX
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| Market Summary | May 26, 2012 08:31 am ET |
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