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Products December 6, 2011
Matthews Launches Asia Fixed Income Fund
Matthews International Capital Management, LLC, has expanded its fund lineup to include the firm’s first dedicated fixed income investment strategy.
Reported by Rebecca Moore
The Matthews Asia Strategic Income Fund, managed by Teresa Kong, CFA, and co-managed by Gerald Hwang, CFA, and Robert Horrocks, Ph.D., will seek total return over the long term, with an emphasis on income. The fund invests primarily in bonds and other debt securities of Asian corporate and sovereign issuers in both local and hard currencies, and seeks high, risk-adjusted return by investing across the capital structure and across currencies.
Matthews says the growth of Asia’s bond markets is one of the region’s most important and remarkable economic developments of the past decade. The region’s significant structural reforms have led to steady upgrades in Asia’s sovereign credit ratings while several developed Western countries have recently suffered downgrades. In addition, Asia’s bond markets have experienced improvements in liquidity, transparency and diversification.
The Matthews Asia Strategic Income Fund is intended as a lower volatility product than the firm’s other funds, offering the potential for attractive yield and diversification. Both Investor (MAINX) and Institutional (MINCX) Class Shares are available.
More information is available at http://www.matthewsasia.com.