San Francisco, CA, 05 July 2011
—Matthews International Capital Management, LLC (“Matthews”) announced the addition of the Matthews India Fund to its Luxembourg-domiciled Matthews Asia Funds
, a UCITS umbrella fund.
Matthews has offered its dedicated India strategy to U.S. investors since 2005, and this UCITS fund will employ the same investment approach and team. The Fund is led by Portfolio Manager Sharat Shroff, CFA, and co-managed by Sunil Asnani.
“The ongoing liberalization of India’s capital markets provides an opportunity to invest in an economy that is growing when many parts of the world are slowing,” said Sharat Shroff. “Rising household income, greater availability of capital, and the emergence of private sector enterprises are driving India's economic expansion.”
In Matthews’ view, a long-term horizon is essential when investing in India. The Matthews India Fund employs a bottom-up, all-cap approach with a focus on small- and mid-sized companies, and seeks to invest in firms with strong management teams and sustainable business models. The Fund is benchmark agnostic and aims to be fully invested at all times, with risk mitigation embedded in its securities selection.
“As a firm we have been investing in India since 2003, and have focused on investing in Asia since 1991,” said Jonathan Schuman, Matthews’ Head of Global Business Development. “Given the increasing importance of India to regional and global economic growth and the generally limited exposure to Indian companies in most investor portfolios, we believe that it is important to offer this long-standing strategy to global investors.”
At Matthews, we believe in the long-term growth of Asia. Since 1991, we have focused our efforts and expertise within the region, investing through a variety of market environments. As an independent, privately owned firm, Matthews is the largest dedicated Asia-only investment specialist in the United States. With $18.8 billion in assets under management as of May 31, 2011 and 12 investment strategies, Matthews employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance. For more information please visit global.matthewsasia.com
Kanter & Company, LLC
Head of Global Business Development
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. Prospective investors should carefully review the information contained in the prospectus and simplified prospectus 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 Fund or the accuracy or adequacy of this information or the material contained herein or otherwise. Neither this release nor prospectus or the simplified prospectus has been approved in any jurisdiction where the Fund has not been registered for public offer and sale, including by the Hong Kong Securities and Futures Commission. 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 Fund’s most recent prospectus which is available from Matthews International Capital Management, LLC. The Fund’s 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.