Matthews Asia Growth Fund (MPACX)
Matthews Asia Growth Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $37.32, up 1.58% on the session, giving a market capitalisation of $223.6M. Its beta of 1.28 implies it has historically moved more than the broad market.
Under normal operating conditions, the fund strives to meet its investment objective by allocating at least 80% of its capital—which includes money borrowed for investment purposes—to common and preferred equities of businesses primarily situated in Asia. Additionally, it may acquire convertible securities issued by Asian companies, without regard to their maturity or credit assessment, including those that are unrated or would be categorized as sub-investment grade. For this fund's mandate, Asia refers to all nations and financial markets throughout the Asian continent, encompassing developed, emerging, and frontier economies.
Matthews Asia Growth Fund is most often compared with the following Financial Services names: