most investors, however, we’d recommend a look at the Matthews Asian Growth & Income fund (MACSX) for a couple of reasons. Growth and Income’s track record isn’t quite as dazzling as that of its Korea-based cousin, but with a portfolio that has holdings spread widely around the region, it offers investors good diversity and a mix that could cushion bumps. The fund tends to gravitate toward solid, conservative holdings in Hong Kong, where 31% of its assets are invested, and South Korea, which accounts for 14% of the fund’s money in equities. Management has also opted to hold convertible bonds, securities that pay dividend income and are less volatile than stocks. Asia Growth and Income has averaged a solid 24.5% annual total return over the past three years and logged a 17.2% gain in 2001.
Top Asian Mutual Funds
|Year-to-Date||1-Year Ann.||3-Year Ann.||5-Year Ann.||Toll-Free||Minimum|
|Fund Name (Ticker)||Total Return*||Total Return*||Total Return*||Total Return*||Number||Initial Investment|
|Matthews Korea (makox)||21.23%||75.29%||30.56||7.10||800-789-2742||$2,500|
|Matthews China (mCHFx)||3.39||5.93||27.47||N/A||800-789-2742||2,500|
|Matthews Asian Growth & Income (mACsx)||7.41||17.24||24.46||7.94||800-789-2742||2,500|
|Dreyfus Premier Greater China A (DPCAX)||7.08||3.44||22.60||N/A||888-338-8084||1,000|
|Matthews Pacific Tiger (MAPTX)||8.97||7.37||21.69||-1.31||800-789-2742||2,500|
|Liberty Newport Greater China A (NGCAX)||3.66||-9.71||19.82||N/A||800-322-2847||1,000|
|Fidelity Advisor Korea A (FAKAX)||22.22||44.38||18.82||N/A||800-522-7297||2,500|
|Fidelity Southeast Asia (FSEAX)||12.75||4.84||14.74||-3.58||800-544-8888||2,500|
|pacific Capital new Asia A (PNAAX)||7.61||5.70||14.72||-1.67||800-258-9232||1,000|
|Fidelity China Region (FHKCX)||1.62||-8.23||12.21||0.61||800-544-8888||2,500|
*As of March 6, 2002
Source: Morningstar Inc.