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In-Depth Portfolio Manager Review – Q3

Kenneth Lowe, CFA, Portfolio Manager

October 10, 2019
Matthews Asia Portfolio Strategist Jeremy Murden and Portfolio Manager Kenny Lowe, CFA provides an in-depth review of the Matthews Asian Growth and Income Fund, including a macroeconomic update on the Asian equity market, the Fund’s performance and its overall portfolio positioning.

As of Sept. 30, 2019, the securities mentioned comprised the Matthews Asian Growth and Income Fund in the following percentages: AIA Group, Ltd. 3.4%; Ascendas, REIT 1.7%; BOC Hong Kong Holdings, Ltd. 1.0%; Domino's Pizza Enterprises, Ltd. 1.3%; Embassy Office Parks, REIT 0.6%; ITC, Ltd. 1.2%; Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. 1.5%; Luye Pharma Group, Ltd., Cnv., 1.500%, 07/09/2024 1.0%; Minth Group, Ltd. 1.3%; Prudential PLC 1.6%; Sanofi India, Ltd. 1.3%; Taiwan Semiconductor Manufacturing Co., Ltd. 4.0%; Tencent Holdings, Ltd. 2.9%; Inner Mongolia Yili Industrial Group Co., Ltd. 1.4%; The Fund held no positions in Activision Blizzard, Inc.; Daimler AG; Honda Motor Co., Ltd.; Nissan Motor Co., Ltd.; Toyota Motor Corp.; or Volkswagen AG. Click on the following link for the Matthews Asian Growth and Income Fund’s quarter-end performance. The date of this commentary recording was Oct. 10, 2019.

Visit our Glossary of Terms page for definitions and additional information.

There is no guarantee that a Fund or company will pay or continue to increase dividends.

Past performance is no guarantee of future results. The views and opinions in this commentary were as of the report date, subject to change and may not reflect current views. They are not guarantees of performance or investment results and should not be taken as investment advice. Investment decisions reflect a variety of factors, and the managers reserve the right to change their views about individual stocks, sectors, and the markets at any time. As a result, the views expressed should not be relied upon as a forecast of the Fund›s future investment intent. It should not be assumed that any investment will be profitable or will equal the performance of any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned.

The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Neither the Funds nor the Investment Advisor accept any liability for losses either direct or consequential caused by the use of this information. View the most recent holdings under each Fund's Composition page. Current and future portfolio holdings are subject to change and risk. Portfolio characteristics refer to the underlying securities in the Fund's portfolio and does not represent fund performance.

Performance assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund's fees and expenses had not been waived. For the Fund's most recent month-end performance visit matthewsasia.com.

 

The views and information discussed in this video are as of the date of issue, are subject to change and may not reflect the presenters’ current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.

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