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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.
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%|
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