In light of the central bank-induced euphoria in the region, this week we will be focusing on foreign equities by taking a look at the Matthews Asia Growth Fund (MPACX) – our fund of the week for November 12.
Inside the Fund
The fund features exposure to all countries and markets in Asia, including developed and emerging nations. With that being said, over 40% of the fund’s asset are allocated to Japanese stocks, with China accounting for the second largest allocation at around 15%.
This fund is fairly well-balanced seeing as how the top five holdings account for less than 20% of total assets. In terms of sectors, MPACX is heavily skewed towards consumer-focused stocks, with staples and discretionary companies each accounting for 20% of total assets.
|Ticker||Stock||Portfolio Weight||YTD Performance|
|TOYOF||Toyota Motor Corp||4.94%||8.30%|
|MBFJF||Mitsubishi UFJ Financial Group Inc||2.41%||-6.59%|
The Bottom Line
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