Matthews Asian Growth and Income Fund (MACSX)
Matthews Asian Growth and Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $13.59, up 2.03% on the session, giving a market capitalisation of $1.85B. Its beta of 0.92 implies it has historically moved less than the broad market.
This fund aims to achieve its investment goals by allocating at least 80% of its net assets, including borrowed funds used for investments, to a variety of securities. These include dividend-paying common and preferred stocks, other equity instruments, and convertible securities. It also invests in fixed-income securities of all durations and credit ratings, such as high-yield debt (also known as "junk bonds"). All such investments are in companies based in Asia, encompassing all countries and markets across the continent, from developed to emerging and frontier economies.
Matthews Asian Growth and Income Fund is most often compared with the following Financial Services names: