LONDON, 27 October 2020—Matthews Asia is pleased to announce reductions to the maximum ongoing charges figures (OCFs) across the range of Matthews Asia Funds UCITS equity sub-funds effective 1 October 2020.
The equity sub-funds of the UCITS range that is distributed across Europe, including the UK, will see a reduction of their maximum OCFs between 20-45 basis points (0.20%-0.45%) depending on the Fund and Share Class, representing a 9%-36% reduction to the maximum OCF.
We believe the reduction in maximum OCFs will directly benefit investors across the Matthews Asia Funds range, including investors in our most widely held Fund—the Matthews Pacific Tiger Fund—as well as our Morningstar 5-star rated Matthews Asia ex-Japan Dividend Fund and Matthews Asia Dividend Fund.1
For a full list of the new OCFs, please see the below table.
Neil Steedman, Head of EMEA & Asia Business Development, commented: “These fee reductions continue our firm's long-standing commitment to offer investors high quality specialist investment products at compelling value. As we celebrate the 10-year anniversary of our UCITS fund range, we are pleased to be able to pass these reductions on to our clients who have invested with us in order to gain differentiated exposure to Asia's diverse and rapidly growing markets, and to be in position to provide these fee reductions at a time when the majority of our Funds have been performing strongly.”
Maximum OCFs Effective 1 October 2020
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1 Ratings are as of 30 September 2020. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund.
About Matthews Asia
Matthews Asia is an independent, privately owned firm headquartered in San Francisco with offices in London, Hong Kong, Shanghai and Singapore. Founded in 1991, the firm specializes in investing in Asia's equity and fixed income markets for institutions, intermediaries and retail investors worldwide. With US$23.7 billion in assets under management as of 30 September 2020, Matthews Asia employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance. For more information please visit matthewsasia.com.
This announcement is for informational purposes only and does not, in any way, constitute investment advice or an offer to sell or a solicitation of an offer to buy any security or product mentioned herein. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation.
This release does not constitute or contain an offer, solicitation, recommendation or investment advice with respect to the purchase of the Funds described herein or any security and such document has not been approved in any jurisdiction. Prospective investors should carefully review the information contained in the prospectus and any related offering document and consult their professional legal, tax and financial advisers as to the suitability of any investment in light of their particular circumstances and applicable citizenship, residence or domicile, including any tax or foreign exchange control restrictions. No securities commission or regulatory authority has in any way passed upon the merits of an investment in the Funds or the accuracy or adequacy of this information or the material contained herein or otherwise. Neither the prospectus nor any related offering document has been approved in any jurisdiction where the Funds have not been registered for public offer and sale. This information is not, and under no circumstances is to be construed as, a prospectus, a public offering or an offering memorandum as defined under applicable securities legislation. Application for shares may only be made by way of the Funds' most recent prospectus which is available from Matthews International Capital Management, LLC. The Funds' shares may not be sold to citizens or residents of the United States or in any other state, country or jurisdiction where it would be unlawful to offer, solicit an offer for, or sell the shares.
Matthews Asia is the brand for Matthews International Capital Management, LLC and its direct and indirect subsidiaries. Matthews International Capital Management, LLC is the Investment Manager to the Matthews Asia Funds, and is a U.S.-based investment adviser registered with the U.S. Securities and Exchange Commission who has not represented and will not represent that it is otherwise registered with any other regulator or regulatory body.
In the UK, this document is only made available to professional clients and eligible counterparties as defined by the Financial Conduct Authority (“FCA”). Under no circumstances should this document be forwarded to anyone in the UK who is not a professional client or eligible counterparty as defined by the FCA. Issued in the UK by Matthews Global Investors (UK) Limited, which is authorised and regulated by the FCA, FRN 667893.
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