Matthews China Dividend Fund (MICDX)
Matthews China Dividend Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $15.51, up 1.44% on the session, giving a market capitalisation of $92.9M. On trailing twelve-month figures it carries a trailing P/E of -17.04, a net margin of -83.7%. Its beta of 0.87 implies it has historically moved less than the broad market.
Under typical market conditions, the fund aims to achieve its investment goals by dedicating at least 80% of its overall investable capital (inclusive of funds borrowed for investment purposes) to dividend-paying equity securities issued by companies based in China. The fund also has the discretion to invest in convertible debt and equity instruments of varying maturities and credit qualities. This encompasses securities that are unrated or would be considered below investment grade if they had a rating, provided they originate from companies situated in China. For clarity, China, in the context of this fund, includes its administrative regions and other territories, such as Hong Kong.
Matthews China Dividend Fund is most often compared with the following Financial Services names: