With the world’s largest savings pool and most advanced technological capabilities, the Pacific Basin countries make up a diverse and economically vibrant region. The Pacific Basin offers one of the most prominent centers of production and fastest growing markets in the world. Mutual funds from this sector should continue to be good prospects as they tap into the strength of both mature and emerging economies.
Below we will share with you 3 top rated Pacific funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific funds, then click here.
Matthews India (MINDX) invests a large share of its net assets, at least 80%, in common and preferred stocks as well as convertible securities of companies located in India . It is non-diversified and seeks long-term capital appreciation. The fund returned 97.22% over the last one year period and has a three year annualized return of 6.84%.
As of September 2009, this Pacific fund held 50 issues, with 3.36% of its total assets invested in Sun Pharmaceutical Industries Ltd.
T. Rowe Price New Asia (PRASX) seeks long term capital appreciation and invests a large share of its assets in companies of varying sizes with primary operations in China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. It is non-diversified and may also invest in companies with interests in Vietnam and Pakistan. The Pacific fund returned 102.76% over the last one year period.
This Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 0.96% compared to a category average of 1.99%.
Guinness Atkinson Asia Focus (IASMX) invests the majority of its assets in common and preferred stocks as well as convertible securities of Asian companies. It purchases securities issued by companies of different sizes and invests in at least four different countries.The Pacific fund is non-diversified and has a five year annualized return of 13.8%.
Edmund Harriss is the fund manager and has managed this Pacific fund since 2003.
To view the Zacks Rank and past performance of all Pacific funds, then click here.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
