Hardy Zhu was promoted from analyst to comanager on Matthews China on April 29, 2024. This makes sense. Zhu--who is a China specialist and who was also promoted to comanager on Matthews China Small Companies MICHX and a few of the firm's other strategies--has worked as an analyst on the strategy since he joined Matthews in 2011. He has 17 years of investment experience overall. Meanwhile, lead manager Andrew Mattock, comanager Winnie Chwang, and comanager Sherwood Zhang remain in place. They are seasoned and skilled Matthews veterans, and the process they use for this strategy remains the same. This strategy, therefore, retains its People and Process ratings of Above Average. That said, it’s worth noting that those ratings each dropped from High earlier this year owing to reduced confidence in Matthews' overall investment team and other issues.
Matthews China Instl MICFX
- NAV / 1-Day Return 16.49 / +7.50 %
- Total Assets 404.9 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.010%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category China Region
- Investment Style Large Blend
- Min. Initial Investment 100,000
- Status Open
- TTM Yield 0.75%
- Turnover 50%
USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 12:56 AM GMT+0
Morningstar’s Analysis MICFX
Will MICFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 49.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Tencent Holdings Ltd | 12.70 | 52.4 Mil | Communication Services |
Alibaba Group Holding Ltd Ordinary Shares | 6.74 | 27.8 Mil | Consumer Cyclical |
Meituan Class B | 5.97 | 24.6 Mil | Consumer Cyclical |
China Construction Bank Corp Class H | 4.83 | 19.9 Mil | Financial Services |
PDD Holdings Inc ADR | 4.24 | 17.5 Mil | Consumer Cyclical |
PetroChina Co Ltd Class H | 3.60 | 14.8 Mil | Energy |
JD.com Inc Ordinary Shares - Class A | 3.37 | 13.9 Mil | Consumer Cyclical |
Ping An Insurance (Group) Co. of China Ltd Class H | 3.11 | 12.8 Mil | Financial Services |
Wuliangye Yibin Co Ltd Class A | 2.62 | 10.8 Mil | Consumer Defensive |
China Merchants Bank Co Ltd Class A | 2.56 | 10.6 Mil | Financial Services |