Matthews International Capital launches Asia Strategic Income Fund

By Tali David

Minneapolis, Dec. 6 - Matthews International Capital Management, LLC announced the launch of the Matthews Asia Strategic Income Fund, the firm's first dedicated fixed-income investment strategy.

The fund, managed by Teresa Kong and co-managers Gerald Hwang and Robert Horrocks, will seek total return over the long term, with an emphasis on income, according to a press release.

The fund invests primarily in bonds and other debt securities of Asian corporate and sovereign issuers in both local and hard currencies, and seeks high, risk-adjusted return by investing across the capital structure and across currencies.

"Investors' fixed income portfolios tend to be underinvested in Asia since widely used global debt benchmarks generally allocate to the most indebted countries as opposed to the most creditworthy," Kong said in the release.

"At Matthews, we take an active, bottom up approach and weight our portfolio in proportion to a country's creditworthiness, price stability and currency appreciation," Kong added.

Matthews is a San Francisco-based independent investment management firm.

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