Matthews to reopen two Asia funds to new investors in January

By Toni Weeks

San Diego, Dec. 20 - Matthews International Capital Management, LLC plans to reopen the Matthews Asian Growth and Income Fund and the Matthews Asia Small Companies Fund to new investors on Jan. 4, according to a press release.

Both funds had been closed to new investors in response to rapid increases in inflows, with the Asian Growth and Income Fund closing Jan. 7, 2011 and the Asia Small Companies Fund closing Nov. 12, 2010. The funds can now accept new assets while still maintaining the integrity of the investment process, said Robert Horrocks, chief investment officer and lead managers of the Asian Growth and Income Fund.

"We feel confident that the portfolios can be managed efficiently, even should the pace of flows increase," he said in the release.

The Matthews Asian Growth and Income Fund, which was launched in 1994, seeks a relatively stable means to participate in Asia's growth while providing some downside protection. Of the funds in the Pacific/Asia ex-Japan stock category that were rated by Morningstar as of Nov. 30, the investor class of the fund received a three-star rating for the three-year period out of 57 funds, a five-star rating for the five-year period out of 41 funds and a 5-star rating for the 10-year period out of 35 funds.

Launched in 2008, the Matthews Asia Small Companies Fund seeks long-term capital appreciation by investing in small companies, usually under $3 billion, in Asia ex-Japan that have potential to deliver strong secular growth. As of Nov. 30, the investor class of the fund received a five-star Morningstar rating for the three-year period out of the 57 funds within the same category.

Matthews is a San Francisco-based investment management firm that specializes in Asia investments.

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