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Looking for a solid international fund and a separate emerging markets fund. For the emerging markets fund, I am really looking for go anywhere strategy. I find that many of the funds are concentrated in China, Taiwan, and South Korea. I am hoping to find a fund really looks across regions.
Any suggestions for a general international fund would be great as well.
PRIDX is still closed to new investors. Look at TBGVX. MDIDX RPICX (See if there isn't a different share class that will let you in for less than $1M..... PRCNX ?)
For EM, ARTYX should meet your needs. Another posibility is MEGMX, a new EM fund from Matthews, the Asia specialists who haven't run a diversified EM fund before, but who have a solid record. Artisan brought in Lewis Kaufman to run ARTJX and Rezo Kanovich to manage ARTYX, a process that seems to differ from many of their other funds that benefit from a deep bench and strong teams of analysts. Both are good funds.
I'm speaking for myself, of course, when I say I prefer a strong global LC fund to a strictly international one. In the day, funds such as Oakmark International, Harbor International, FMI International, and Harbor International Growth were key components of my portfolio. At this point, the only international funds I own are Sm/Mid and EM. For global, I'd look at Artisan, Morgan Stanley, Baron, and T Rowe Price. These should outperform the Mets, LOL!
A new fund as of February 2020 -- Morgan Stanley Developing Markets Class A (MDOAX)-- run by Kristian Heugh and a team in Hong Kong investing in EM since 2006 focused on buying mega and LC companies in Asia, Latin America, Eastern Europe, the Middle East and Africa, currently managing over $12B in EM. Concentrated fund (30 companies), 50% or more in top ten, active share 80% or more. Heugh has been at MS since 2001. (He also runs MSAUX, the Asia Opportunity Fund).
As of 6/30/20, the fund has 55% in the Pacific Basin, 10% in the Indian sub-continent, 9% in North America, 8% in South America, <1 in Central America, and 17% in cash. AUM $70 M. YTD return 12.3%, NTF, no-load at TDA, $1K to own.
This type of issue has been encountered elsewhere. There are Diversified Pacific/Asia funds, and Pacific/Asia ex-Japan funds. Though in the index fund for Pacific/Asia, VPADX, Japan represents 59%. That's nearly 50% higher than China's weight in the MSCI EM index.
China presents a slightly more "weighty" problem in EM indexes constructed by other index providers. Some other providers exclude Korea, regarding it as a developed country. For example, Vanguard tracks a FTSE index that excludes Korea. Its EM index fund, VEMAX, weights China at 44% vs. MSCI's 41%.
Still, there's nothing that says an actively managed EM fund can't underweight China, just as all five actively managed Pacific/Asia funds underweight Japan anywhere from 1/3 by MPACX to a whopping 5/6 (just 10% in Japan) by MAVAX.
Comments
Since I bought it on January 9, 2020 it has out-performed FSMEX, and everything else in my portfolio except USAGX.
I don't plan on buying new shares at the current level.
I'm speaking for myself, of course, when I say I prefer a strong global LC fund to a strictly international one. In the day, funds such as Oakmark International, Harbor International, FMI International, and Harbor International Growth were key components of my portfolio. At this point, the only international funds I own are Sm/Mid and EM. For global, I'd look at Artisan, Morgan Stanley, Baron, and T Rowe Price. These should outperform the Mets, LOL!
We do have VWO and EEM
We want to add Mathews Asia, or SFGI, maybe next on our buy lists
Here you go
https://mutualfundobserver.com/discuss/discussion/2071/how-do-you-invest-in-china
As of 6/30/20, the fund has 55% in the Pacific Basin, 10% in the Indian sub-continent, 9% in North America, 8% in South America, <1 in Central America, and 17% in cash. AUM $70 M. YTD return 12.3%, NTF, no-load at TDA, $1K to own.
Derf
P.S. as per chart at Chuck's place.
Why China should be separated from emerging market indices
China presents a slightly more "weighty" problem in EM indexes constructed by other index providers. Some other providers exclude Korea, regarding it as a developed country. For example, Vanguard tracks a FTSE index that excludes Korea. Its EM index fund, VEMAX, weights China at 44% vs. MSCI's 41%.
Still, there's nothing that says an actively managed EM fund can't underweight China, just as all five actively managed Pacific/Asia funds underweight Japan anywhere from 1/3 by MPACX to a whopping 5/6 (just 10% in Japan) by MAVAX.