The asset manager said approval had been granted for it to distribute four funds within its Luxembourg-domiciled Ucits umbrella. These are the Matthews Asia Dividend, Matthews Pacific Tiger, Matthews China and Matthews India Funds.
Matthews Asia said the four funds will employ the same investment strategies as its US-based Asia Dividend Fund, Pacific Tiger (Asia ex-Japan), China and India portfolios. They will be managed by the same investment team, utilizing the firm’s bottom-up and fundamental investment philosophy. It’s San Francisco headquarters will remain the single strategic location for investment decision making and portfolio management.
William Hackett, chief executive of Matthews Asia said: “It has long been our goal to provide Hong Kong investors with access to the investment offerings that were previously available only to US investors. The launch of these funds is a testament to the opportunities ahead for Matthews Asia and our long-term commitment to the region.”
Receiving approval to distribute the funds in Hong Kong is the next step in the company’s expansion in Asia, it said, following the appointment of James Campion as head of Asia business development in October 2010. Campion joined the firm from Threadneedle Portfolio Services in Hong Kong where he was responsible for establishing and developing the firm’s Asia distribution strategy.
He added: “Matthews Asia’s ambition has been to present investors in various markets with accessible ways to capture Asia’s growth story and each of these four funds is well-positioned to assist investors with their investment strategies.”
