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In-Depth Portfolio Manager Review – Q3 2020

Matthews Asia Portfolio Strategist Jeremy Murden and Portfolio Manager Yu Zhang, CFA provide an in-depth review of the Matthews Asia Dividend Fund, including a macroeconomic update on Asia as well as a review of the Fund's performance and its overall portfolio positioning.

  • 11/19/2020
  • 38:06 viewing time

The date of this commentary recording was October 19, 2020.

EV= Electric vehicle

P&L = Profit and loss

Amortized cost basis = The amount at which an investment is acquired , adjusted for applicable accrued interest, accretion or amortization of premium, discount, and net deferred fees or costs, collection of cash, writeoffs , foreign exchange, and fair value hedge accounting adjustments.

Dividend payer = May be considered more matured, defensive businesses with recurring cash flow and higher dividend yield on the stock

Dividend grower = May be considered more cyclical businesses with significant growth potential, average or lower-than-average dividend yield, and underlying dividends that may grow significantly over time

There is no guarantee that a Fund or company will pay or continue to increase dividends.

For more Fund information, please click here.

View the most recent holdings under each Fund's Composition page. Current and future portfolio holdings are subject to change and risk. 

Performance assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund's fees and expenses had not been waived. For the Fund's most recent month-end performance, please click here.

Visit our Glossary of Terms page for definitions and additional information.

There is no guarantee that a Fund or company will pay or continue to increase dividends.

Past performance is no guarantee of future results. The views and opinions in this commentary were as of the report date, subject to change and may not reflect current views. They are not guarantees of performance or investment results and should not be taken as investment advice. Investment decisions reflect a variety of factors, and the managers reserve the right to change their views about individual stocks, sectors, and the markets at any time. As a result, the views expressed should not be relied upon as a forecast of the Fund's future investment intent. It should not be assumed that any investment will be profitable or will equal the performance of any securities or any sectors mentioned herein. The information does not constitute a recommendation to buy or sell any securities mentioned.

The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Neither the Funds nor the Investment Advisor accept any liability for losses either direct or consequential caused by the use of this information. Portfolio characteristics refer to the underlying securities in the Fund's portfolio and does not represent fund performance.

 

IMPORTANT INFORMATION

The views and information discussed in this report are as of the date of publication, are subject to change and may not reflect current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. Investment involves risk. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in small- and mid-size companies is more risky and volatile than investing in large companies as they may be more volatile and less liquid than larger companies. Past performance is no guarantee of future results. The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Matthews Asia and its affiliates do not accept any liability for losses either direct or consequential caused by the use of this information.