Matthews Pacific Tiger Fund (MAPTX)

Matthew Asia Funds are popular among investor who invest in South Asia, East Asia and Southeast Asia region. One of the top rated Matthew Asia Funds is Matthews Pacific Tiger fund. This international stock fund invests in Pacific Tiger Countries such as China, Hong Kong, Indonesia, India, Pakistan, Philippines, Malaysia, Singapore, Sri Lanka, South Korea, Thailand, Taiwan, and Vietnam. More fund’s review is described below.

Matthews Pacific Tiger (MAPTX)

The primary objective of this Matthews Pacific Tiger fund is to provide long-term capital appreciation. This equity fund typically invests most of net assets (>80%) in the common and preferred stocks of companies located in Asia excluding Japan such as China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.

Fund Details
Matthews Pacific Tiger
  • Fund Inception Date: 09/12/1994
  • Ticker Symbol: MAPTX (Investor class)
  • CUSIP: 577-130-107
  • Beta (3yr): 0.97
  • Rank in category (2011): 18%
  • Category: Pacific/Asia ex-Japan Stock
  • Yield: 0.54%
  • Capital Gains: N/A
  • Expense Ratio: 1.09%  
  • Net Assets: $ 4.82 billion
  • Number of Years Up: 11 years
  • Number of Years Down: 6 years
Updated on 11/27/2011

The fund’s lead managers are Richard H. Gao and Sharat Shroff. The co-Manager is Mark W. Headley. Rao is the portfolio manager at Matthews International Capital Management. Rao also manages Matthews China fund, and Matthew China Small Company fund. The fund also has an expense ratio fee of 1.09%. There is no front end sales load and no deferred sales load. The current total net assets are $4.82 billion. It also has a distribution rate of 0.54%.

Best Diversified Emerging Markets Stock Mutual Funds 2012

Rated with 4 stars rating by Morningstar, this top performer fund has returned 23.3% over the past three year, and 14.25% over the past ten year. This fund is also rated as Gold Rating fund by Morningstar. The worst performance was occurred in 2008 with -46.11%. The best performance of this best international stock fund was achieved in 1999 with 83.01%.

Investment risks include foreign investing risk, liquidity risk, social and political risk, management risk, Emerging Markets risk, etc. Another class of this fund is Institutional Class (Symbol: MIPTX).

This MPATX fund can be purchased from 87 brokerages such as H&R Block Financial Advisors, Northwestern Mutual Investment Service, T Rowe Price, Fidelity Retail FundsNetwork, JPMorgan, ING Financial Advisers, etc. The minimum initial investment is $2,500 for regular brokerage account and $500 for tax deferred account.

Fund Composition

AS of October 2011, this fund top 6 country allocations are China/ Hong Kong (28.4%), South Korea (18.5%), India (15.3%), Indonesia (9.5%), Taiwan (8.1%), and Thailand (6.9%). The top 5 sectors include Financials (30.1%), Consumer Discretionary (18.3%), Consumer Staples (15.6%), Information Technology (13.1%), and Health Care (7%).

The top 10 stock holdings are Genting BHD, Dongbu Insurance Co Ltd, PT Astra International, Hyundai Mobis, SM Prime Holdings Inc, Samsung Electronics Co Ltd, Bank of Ayudhya Public Co Ltd, Dairy Farm International Holdings Ltd, Green Cross Corp, and Cheil Worldwide Inc.

  • No sales load and low expense ratio fee
  • Good track record
  • none

Disclosure: No Position

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