Top 5 Zacks#1 Ranked Pacific Mutual Funds - Best of Funds
March 02 2012 - 10:34AM
Zacks
Technological advancement, increased per capita income and
spending and increased capital flows from the first world countries
make the Asia-Pacific one of the fastest growing regions. It is
here that we find a unique blend of economic superpowers and
emerging economies making the region a strategic tool of wealth
creation over the long term. Mutual funds investing in the Pacific
Basin region, with their diversified portfolios truly provide a
unique and lucrative investment opportunity for the investor.
Below we will share with you 5 top rated Pacific mutual funds.
Each has earned a Zacks #1 Rank (Strong Buy) as we expect these
mutual funds to outperform its peers in the future. To view
the Zacks Rank and past performance of all Pacific funds, investors
can click here to see the complete list of funds.
T. Rowe Price New Asia Fund (PRASX) seeks long
term capital appreciation. The fund invests a majority of its
assets in common stocks of Asian companies (excluding Japanese
companies) without regard to their size. It predominantly invests
in emerging markets such as China, India, Indonesia, Thailand, Hong
Kong etc. The Pacific mutual fund has a three year annualized
return of 35.46%.
The Pacific mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.96% compared to a category average
of 1.79%.
Guinness Atkinson Asia Pacific Dividend (GAADX)
invests heavily in dividend generating equity securities issued by
companies form the Asia Pacific region. Common and preferred
stocks, related convertible securities, rights and warrants
constitute its major investments. The Pacific mutual fund has a
three year annualized return of 26.24%.
Edmund Harriss is the fund manager and he has managed this
Pacific mutual fund since 2006.
Matthews Asian Growth & Income Fund (MACSX)
seeks long term capital appreciation along with high levels of
current income by investing predominantly in dividend paying common
stocks, preference shares and convertible instruments. The fund
emphasizes on parking the funds in emerging markets such as China,
India, Indonesia, South Korea, Singapore etc. The Pacific mutual
fund has a three year annualized return of 18%.
As of September 2011, this Pacific mutual fund held 84 issues,
with 3.83% of its total assets invested in Hisamitsu Pharmaceutical
Co. Inc.
Vanguard Pacific Stock Index (VPACX) invests
almost all of its assets in common stocks which make up the MCSI
Pacific Index. The fund follows a passive management approach and
aims to track the performance of the index. The Pacific mutual fund
has a three year annualized return of 13.08%.
The Pacific mutual fund has a minimum initial investment of
$3,000 and an expense ratio of 0.26% compared to a category average
of 1.42%.
Wells Fargo Advantage Asia Pacific (SASPX) seeks
capital growth over the long term. The fund focuses on purchasing
securities of companies which have the potential for superior
earnings growth, sufficient financial resources and an efficient
management team. The Pacific mutual fund has a three year
annualized return of 17.45%.
Anthony L.T. Cragg is the fund manager and he has managed this
Pacific mutual fund since 1993.
To view the Zacks Rank and past performance of all Pacific
mutual funds, investors can click here to see the complete list of
funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at http://www.zacks.com/funds.
View All Zacks #1 Ranked Mutual Funds
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