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 will share with you 3 top pacific mutual funds. Each has earned either a Zacks #1 Rank (Strong Buy) or a Zacks #2 Rank (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, investors can click here to see the complete list of funds.
T. Rowe Price New Asia (PRASX –MF report) invests heavily in companies from Asia apart from Japan. It invests in companies irrespective of their market capitalizations. PRASX focuses on acquiring stocks of those companies that have an impressive outlook. PRASX focuses on a “bottom-up†approach for selecting stocks. T. Rowe Price New Asia is non-diversified and has returned 9.8% this year.
Ahn Lu is the fund manager and has managed this fund since 2014.
Wells Fargo Advantage Asia Pacific Investor (SASPX - MF report) seeks capital growth over the long run. SASPX allocates a lion’s share of its assets in equities of companies located in Asia Pacific Basin. SASPX emphasizes on factors including earnings growth, financial condition and management efficiency for selecting companies. SASPX may also invest in participation notes. Wells Fargo Advantage Asia Pacific Investor has returned 12.8% this year.
As of February 2015, this fund held 135 issues with 2.66% of its total assets invested in Bank Of China Ltd. H Shares.
Matthews Pacific Tiger Fund Investor (MAPTX - MF report) invests a major potion of its assets in companies located in Asia excluding Japan. MAPTX seeks long-term capital growth. MAPTX may invest in companies of all sizes but generally focuses on acquiring stocks of companies having mid to large size market capitalizations. Matthews Pacific Tiger Fund Investor has returned 12.8% this year.
