Matthews India Fund (MINDX)
Matthews India Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $22.40, up 0.86% on the session, giving a market capitalisation of $699.6M. Its beta of 0.52 implies it has historically moved less than the broad market.
Typically, the fund endeavors to allocate a minimum of 80% of its net assets – which encompasses funds obtained through borrowing for investment purposes – into publicly traded common and preferred stocks, as well as convertible securities, issued by companies with strong ties to India. A company or issuer is considered 'located' in India (or its securities deemed 'Indian') if it demonstrates significant economic, operational, or other material connections to the country.
Matthews India Fund is most often compared with the following Financial Services names: