The Matthews Asia Dividend Investor Fund (MAPIX), a 5-star rated offering, also garnered Morningstar’s Gold rating this week.
According to analyst William Samuel Rocco, the fund's many strengths include its advisor, its management team and success with both its single-country offerings and its regional funds. “Further, while focusing on Asia can be risky and funds must differ from their peers in order to beat them, this one's strategy is fairly conservative and very distinctive. [Lead manager Jesper] Madsen favors higher-quality dividend-paying stocks that are trading at reasonable prices, which tend to be less volatile than other types of equities,” wrote Rocco.
“Thus, this fund's country and sector weights tend to stand out from the diversified Pacific/Asia category crowd, and its average market cap tends to be well below the group norm.”