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… of the Fund into the abrdn Emerging Markets ex-China Fund (the "Acquiring Fund"), a series of the Trust.
As the geopolitical friction rises between China and the west, many managers ask the question of whether China is investible from investor’s…
"Matthews has exceptionally deep investment talent." How can it when so many have departed? Have unnamed analysts left as well? I don't know, but you'd think they wouldn't stick around either, unless they had no alternatives, and that's not a rin…
Chang,
Why you added Grandeur Peak funds in this category?
I am still in their Global Opportunity fund and wondering if I missed any important information (like manager departure, etc.). I know their primary founder went on a sabbatical or somethin…
Is this article from Dec. '23 the source of the info?
https://citywire.com/wealth-manager/news/matthews-asia-s-pacific-equity-fund-under-review-as-veteran-exits/a2432941
(paywall.)
Yup. Here is the article:
Matthews Asia’s Pacific equity fund u…
Can it get any worse ? It can always get worse. It's actually quite hard for firms to die, they can limp along in zombie mode for a long time.
I'm not sure why current managers would stay. Makes me wonder how good the guys still there really a…
MS should have been fired years ago because he has been wrong for years.
(link)
There are many strategists that have been wrong. Too bad they are rarely held accountable. Investor's memories are shorter than one would think!
Yes. I left Matthews after an arrogant prick treated me like dirt on the phone, a handful of years ago. Glad I did.
Do you recall which fund you were invested in at the time?
OLGAX as #1 is perplexing. Is there a chance this is in a number of JPM target date funds or other allocation funds that accounted for much of the flows?
This is weird. Or else I'm confused. Didn't Pacific Current Group help start GQG when the CIO Rajiv Jain first spun out of Vontobel? I believe the CEO Carver used to work at Pacific Current Group, and as part of funding the spin out of GQG, joine…
Have you looked at Matthews Asia ETFs?
Unrelated, but I recently switched MATFX (w/painful distributions) to MINV.
https://www.matthewsasia.com/funds/etfs/
I'd be careful with MATFX. It's basically an asia tech fund, the prevoius name of the fund w…
Thanks for sharing Shadow. Surprised Matthews still has this fund. Its tiny and has been tiny for a long time. Very few allocate exclusively to Korea? Michael Oh might be the next big PM name to leave Matthews. Yu Zhang and others have already …
I thought perhaps he was going out to setup his own company. But I guess not. Another big loss of PM talent from Matthews Asia, this might be the biggest profile departure yet.
Looks like a good hire. LR Global has been around a long time and covered frontier markets for most of their history if I recall correctly. Vietnam is definately frontier-markets!
The strategy had $400million+ in assets 10 years ago....now, $33million. It's been a tough time to focus on this part of the world. A tough 10 year run. Economics can't make sense to keep this running.
https://www.sec.gov/Archives/edgar/data/923184/000119312523002397/0001193125-23-002397-index.htm
Matthews Asia Dividend Fund
Matthews China Dividend Fund
A few odd things really stand out about this announcement.
1. First, word on the street …
@ProtonAnalyst33
If you're referring to Andrew Foster, he is not at Matthews but Seafarer. Also, none of the posts or linked articles here are by Foster. The first is by Nicholas Borst at Seafarer. The second is a Morningstar article by Lauren Solbe…
And now for a potential China "bull case"...
The following excerpt is from the 'Points of Return' newsletter (John Authers) published today.
That leads to a final question: Why would anyone be bullish about China at present? Its problems are eviden…
Wow! Per their website, Matthews assets down to $13 billion as of October 31, 2022! They were near $30bn in 2020 when I was last in their offices right before covid!
Markets definately haven't helped, but that's a lot of client redemptions! Ap…
I still know a few fund managers at Matthews...there is hardly anyone good left there, and the good ones are actively looking for new opportunities (or so I hear).
Not suprising. The firm has gone down the toilet unfortunately. They brought in a…
***Ding!
Years ago, I was a shareholder. I got out long before the whole operation, as it were, went so far south, so fast.
Yes, I did the same. Have you read the Morningstar report by William Samuel Rocco on Cooper's hire? It's terribly un-in…
Hmmmmmm...... Through thick and thicker for all these years, Robert Horrocks remains. Is something he's doing driving everyone away?
Where there's smoke, there's usually fire. It is odd, especially since performance of nearly all their funds has …
i concur. and i had not heard about teresa kong's leaving. where did she go? does anyone know? I will take a look.....
...Found this. RETIRING???? She can't be that old.....
https://citywireselector.com/news/a-rated-bond-boss-to-exit-matthews-asia/…
Don't get me started with morningstar. They change up things on their website all the time. Plus, their supposed experts who review mutual fund companies, is flat out horrible and biased (why would they want to upset the very companies that make u…
People often say that allocation/balanced funds are declining, dead, kaput. But they are wrong. Broadly speaking, target-date funds, robo-advisors and age-based 529s are nothing but allocation/balanced funds in some form. So, this universe is expand…
Word on the street is that Bill Hackett was asked politely to retire, or in otherwords, he was fired. Matthews has lost more than 10 portfolio managers in the last 2 years, and no, they aren't people retiring but rather the up and coming, next gene…
Well of course right after I comment, Voyager files for bankcrupcy and 100,000 people essentially lose their money. They are never getting that back. What a crock.
A bit too late to the game and priced too high. Their China ETF will be 20 bps higher than CNYA and underperforms it by a wide margin in 1, 3, 5 year trailing periods.
Numbers aside, the more alarming issue at Matthews is the exodus of portfolio …
