The Pacific Basin is one of the world’s most diverse and economically vibrant regions. Among its inherent strengths are cutting-edge technological capabilities and a burgeoning savings pool. Renowned 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 will share with you 5 top rated Pacific mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future. To view the Zacks Rank and past performance of all Pacific mutual funds, then click here.
Allianz NACM Pacific Rim A (PPRAX) seeks capital growth over the long term. The majority of the fund’s assets are utilized to purchase equity securities of companies with economic linkages to Pacific Rim countries. It invests in emerging market countries and purchases securities of at least three Pacific region countries at any given time. The Pacific mutual fund has a five year annualized return of 3.99%.
Pedro V. Marcal is the fund manager and has managed this Pacific mutual fund since 2007.
Matthews Pacific Tiger (MAPTX) invests at least 80% of its assets include borrowings for investment purposes are invested in Asian companies. The fund focuses on purchasing common and preferred stock and does not invest in Japanese companies. The Pacific fund has a ten year annualized return of 11.12%.
As of March 2010, this Pacific mutual fund held 75 issues, with 2.84% of its total assets invested in Hang Lung Group Ltd.
T. Rowe Price New Asia (PRASX) seeks long term capital appreciation. It invests a large share of its assets in companies located in China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. It purchases stocks of companies with varying market capitalizations. It is non- diversified and a no-load fund.
The Pacific mutual fund returned 30.37% over the last one year and has a ten year annualized return of 9.54%.
Fidelity Pacific Basin (FPBFX) invests the majority of its assets in securities of Pacific Basin issuers and other investments with economic linkages to the region. It allocates funds to a specific country on the basis of its relative market size. The Pacific fund returned 24.3% over the last one year and has a five year annualized return of 6.07%.
The Pacific mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.68%.
JPMorgan India A (JIDAX) seeks both capital appreciation over the long term. The majority of the fund’s assets are used to purchase equity securities of companies from India. Up to 20% of its total assets may be invested in government or corporate debt securities. The Pacific fund returned 31.96% in the last one year period.
Edward Pulling is the fund manager and has managed this Pacific mutual fund since 2007.
To view the Zacks Rank and past performance of all Pacific mutual 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/
