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Top 5 Pacific Mutual Funds
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ShareMutual funds focusing on the Pacific Basin area provide a truly unique investment opportunity. Among the 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 feature. Tapping into the strengths of both mature and developing economies, these funds ensure that they hold highly diversified portfolios. Moreover, they offer lucrative growth opportunities, while ensuring safety of 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 theZacks Rank and past performance of all Pacific funds, then click here.
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 13.37% 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 1.96%.
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 31.73% in the last one year period and has a ten year annualized return of 13.42%.
Fidelity Advisor Emerging Asia A (FEAAX) invests at least 80% of its assets in companies from Asian emerging markets. The fund looks to acquire common stocks as well as investments with economic linkages to emerging markets from the region. It allocates investments across countries taking into consideration the size of the entire region’s market. The Pacific fund returned 22.35% over the last one year period.
Colin Chickles is the fund manager and has managed this Pacific fund since 2010.
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 has a five year annualized return of 8.63%.
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.
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 mutual fund has a ten year annualized return of 12.5%.
The Pacific fund has a minimum initial investment of $5,000 and an expense ratio of 1.68% compared to a category average of 1.96%.
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 IPOAX
Read the full analyst report on PRASX
Read the full analyst report on FEAAX
Read the full analyst report on MPACX
Read the full analyst report on IASMX
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| Market Summary | May 26, 2012 08:50 am ET |
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