The Pacific Basin countries constitute one of the world's most diverse and economically vibrant regions. Among its inherent strengths are considerable technological capabilities and a growing pool of savings. Prominent centers of production and fast growing potential markets in this part of the world also ensure that it is an exciting investment destination. With a high degree of diversification between developed and developing markets, mutual funds from this sector present a healthy mix of growth opportunities and safety for capital invested.
Below we share with you 3 top-ranked Pacific Mutual Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Matthews Asia Growth Investor (MUTF:MPACX) seeks capital growth over the long run. MPACX invests a major portion of its assets in stocks of Asian companies. MPACX primarily focuses on acquiring common and preferred stocks of companies. MPACX may also allocate a significant portion of its assets in convertible securities of companies irrespective of their quality and maturity period. Matthews Asia Growth Investor fund has a three-year annualized return of 1.5%.
As of September 2015, MPACX held 69 issues with 3.92% of its total assets invested in Orix Corp.
Matthews Korea Investor (MUTF:MAKOX) invests a large chunk of its assets in common and preferred stocks of South Korean companies. MAKOX focuses on mid- to large-cap firms, but is not restricted to them. MAKOX seeks long-term capital appreciation. The Matthews Korea Investor fund is non-diversified and has a three-year annualized return of 6.1%.
MAKOX has an expense ratio of 1.11% as compared to the category average of 1.86%.
Fidelity Pacific Basin (MUTF:FPBFX) seeks long-term growth of capital. FPBFX invests a major portion of its assets in securities of issuers located in or economically tied to the Pacific Basin. FPBFX primarily focuses on acquiring common stocks of companies located across a wide range of Pacific Basin countries. Factors such as financial strength and economic conditions are considered before investing in a company. The Fidelity Pacific Basin fund has a three-year annualized return of 5%.
John Dance is the fund manager of FPBFX since Oct. 2013.