Investing across capital structure and currencies, the Fund’s bottom-up approach emphasizes creditworthiness, price stability and currency appreciation
San Francisco, 1 September 2014
—Matthews Asia has announced the expansion of its Luxembourg-domiciled UCITS fund range today with the launch of the Matthews Asia Strategic Income Fund (Class I Acc. ISIN: LU1061983224; Class A Acc. ISIN: LU1061982689).
Managed by Teresa Kong, CFA, and co-managed by Gerald Hwang, CFA, and Satya Patel, the Matthews Asia Strategic Income Fund will seek total return over the long term, with an emphasis on income. The Fund invests primarily in bonds and other debt securities of Asian corporate and sovereign issuers in both local and external currencies, and seeks attractive risk-adjusted return by investing across capital structures and across currencies.
Matthews believes that the growth of Asia’s bond markets has been one of the region’s most important economic developments during the past decade. Given significant structural reforms that have led to the expansion of capital markets, the opportunity now exists for investors to further diversify their fixed income portfolios and potentially enhance their risk-adjusted returns through dedicated allocations to Asia fixed income.
Teresa Kong, Lead Portfolio Manager
comments, “Investors’ fixed income portfolios tend to be underinvested in Asia since widely used global debt benchmarks generally allocate to the most indebted countries as opposed to the most creditworthy. Dedicated Asian fixed income allocations enable investors to potentially create a more diversified exposure across interest rate, credit and currency while enhancing the overall risk-return profile of a fixed income portfolio. We aim to achieve this at Matthews Asia, by taking an active, bottom-up approach in order to identify the most attractive securities to construct a portfolio based on our assessment of creditworthiness, interest rate cycle and potential for currency appreciation.”
Jonathan Schuman, Head of Global Distributions
, added “Following the launch of the Asia Strategic Income strategy in the United States nearly three years ago, we are pleased to offer this strategy to investors through a UCITS vehicle. The Matthews Asia Strategic Income Fund complements Matthews Asia’s other offerings, and provides investors with both attractive yield and fixed income portfolio diversification."
About Matthews Asia
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 US$27.3 billion in assets under management as of 31 July 2014, Matthews employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance. For more information please visit global.matthewsasia.com
U.S. Dollar Share Class Information
| A Acc
| A Dist
| I Acc
| I Dist
Sam Emery / Lucy Forgan
Tel: +20 7466 5050
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.