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Top 5 Pacific Mutual Funds
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ShareCountries from the Pacific Basin region together make up one of the world’s most diverse and economically powerful regions. Cutting-edge technological capabilities and a large and growing savings pool are among the region’s key strengths. Prominent centers of production and developing economies exhibiting rapid growth also ensure that the Pacific region is a lucrative investment destination. Investing in mutual funds from these countries represents a prudent balance between growth opportunities and 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 the Zacks Rank and past performance of all Pacific funds, then click here.
Wells Fargo Advantage Asia Pacific (SASPX) seeks capital growth over the long term. The fund 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 returned 25.37% in the last one year period.
The Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.59%.
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 five year annualized return of 11.68%.
Edmund Harriss is the fund manager and he has managed this Pacific fund since 2003.
Allianz NACM Pacific Rim A (PPRAX) seeks capital growth over the long term. The majority of the fund’s assets are utilized to purchase equity securities of companies with economic linkages to Pacific Rim countries. It invests in emerging market countries and purchases securities of at least three Pacific region countries at any given time. The Pacific mutual fund returned 23.36% in the last one year period.
As of June 2011, this Pacific mutual fund held 76 issues, with 4.49% of its total assets invested in Fanuc Ltd.
Matthews Asian Growth & Income (MACSX) utilizes the majority of its assets to purchase equity securities of companies located in Asia. Equity securities which provide regular dividends constitute the fund’s major investments. This includes common and preferred stocks and related convertible securities. The Pacific mutual fund has a ten year annualized return of 14.61%.
The Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 1.13% compared to a category average of 1.78%.
Cohen & Steers Asia Pacific Realty A (APFAX) seeks total return. The fund invests heavily in real estate investment trusts, similar institutions and real estate companies from the Asia Pacific region. It focuses on acquiring emerging market securities and instruments with similar economic features. The Pacific mutual fund returned 37.16% in the last one year period.
Joseph Harvey is the fund manager and he has managed this Pacific fund since 2006.
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.
Read the full analyst report on SASPX
Read the full analyst report on IASMX
Read the full analyst report on PPRAX
Read the full analyst report on MACSX
Read the full analyst report on APFAX
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| Market Summary | May 26, 2012 13:35 pm ET |
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