cancel
Showing results for 
Search instead for 
Did you mean: 
     
Highlighted
Frequent Contributor

Seafarer Fund (SIGIX) - Andrew Foster commentary

https://www.seafarerfunds.com/funds/ogi/portfolio-review

Not intending here to review or re-assess the fund, performance, holdings, etc. It's a decent - and unusual - EM fund, with obviously good stewardship, decent results (up until recently), etc. But the 1st Qtr commentary caught my eye. It's actually a good commentary, and I have no intention of selling my position, although it remains on watch.

I hope by this statement that Foster has not been overly gripped by fear: 

  • What will I do, based on my alarm? I will attempt to steer the Fund to greater safety, to mitigate risk if markets perform poorly. I will not defer to the markets’ quiescence a second time. In practice, this means I will likely hold more cash in the portfolio than is typical, and I will likely seek to further diversify its construction.

SIGIX doesn't have your typical EM fund's portfolio, which would sit way up in the LCG box (and probably hold the same 10 Chinese internet stocks). See the M* chart.

Also, it remains 78% exposed in Asia, which suits me very well:

https://www.seafarerfunds.com/funds/ogi/composition

Tags (2)
28 Replies
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

SIFIX has a negative annual performance for 1-3-5 years.

There are so many other and better options, even if it's not exactly a match.

em.PNG

Of the above funds, I would take a look at ones with lower SD.

em-1.PNG

0 Kudos
Highlighted
Participant ○○○

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

 

chang, I am in agreement with you. Andrew Foster has been investing in EM for approximately 25 years. He did a fine job with MACSX at Matthews. As David Snowball at MFO once said:

"Mr. Foster is remarkably bright, thoughtful, experienced and concerned about the welfare of his shareholders."

I agree with this too. I do not think that Foster swallowed stupid pills and I am going to remain patient.

Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary


@Hootz wrote:

 

chang, I am in agreement with you. Andrew Foster has been investing in EM for approximately 25 years. He did a fine job with MACSX at Matthews. As David Snowball at MFO once said:

"Mr. Foster is remarkably bright, thoughtful, experienced and concerned about the welfare of his shareholders."

I agree with this too. I do not think that Foster swallowed stupid pills and I am going to remain patient.


We have been discussing this fund for years and Foster is been lagging for years.  In the last 4 full years, SIGIX was 2 years at 68 and 86, one year at 44 and only one year at 26...mmm...the numbers prove Foster lost his mojo, I don't know why or really care  :-)

History (04/30/2020)2016201720182019YTD
SIGIX9.3426.2-18.1223.19-16.05
MSCI EM GR USD11.637.75-14.2518.9-16.55
Category (EM)8.4734.17-16.0719.25-18.05
+/- MSCI EM GR USD-2.27-11.55-3.874.290.51
+/- Category (EM)0.87-7.97-2.053.942.01
Annual Report Net Expense Ratio1.030.920.870.9
Turnover Ratio7142352
Rank in Category4486682627
Fund CategoryEMEMEMEMEM

 

Is this another D&C fund? wrong thread

Highlighted
Participant ○○○

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

 

FD2001,

I am glad that you can tell us that Andrew Foster underperformed for the past 5 years.

However, can you tell us something that we do not know. Will he underperform for the next 5?

Hootz

 

 

Highlighted
Participant ○○○

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

Not to sidetrack the thread but has investing in the Asian region ever outperformed funds in the overall EM region? 
Is Andrew’s underperformance do to his ability, the Asian region or the value/growth tilt of the fund?

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

@FD1001 wrote:

SIFIX has a negative annual performance for 1-3-5 years.

There are so many other and better options, even if it's not exactly a match.

 

I would review only Asia funds, since that is @chang 's topic.

Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio Class A (MSAUX)Pacific/Asia ex-Japan Stk-2.21% (5/15/2020)6.34% (4/30/2020)-0.49% (4/30/2020)-3.17% (4/30/2020)
Matthews Asia Innovators Fund Investor Class Shares (MATFX)Pacific/Asia ex-Japan Stk5.70% (5/15/2020)11.41% (4/30/2020)3.27% (4/30/2020)1.99% (4/30/2020)
Fidelity Emerging Asia Fund (FSEAX)Pacific/Asia ex-Japan Stk-1.21% (5/15/2020)11.63% (4/30/2020)0.68% (4/30/2020)-1.98% (4/30/2020)
T. Rowe Price Asia Opportunities Fund (TRAOX)Pacific/Asia ex-Japan Stk-11.40% (5/15/2020)10.74% (4/30/2020)-4.84% (4/30/2020)-9.63% (4/30/2020)
T. Rowe Price New Asia Fund (PRASX)Pacific/Asia ex-Japan Stk-10.47% (5/15/2020)9.21% (4/30/2020)-4.54% (4/30/2020)-9.34% (4/30/2020)
Invesco Pacific Growth Fund Class A (TGRAX)Pacific/Asia ex-Japan Stk-2.19% (5/15/2020)7.77% (4/30/2020)-0.07% (4/30/2020)-4.07% (4/30/2020)
Guinness Atkinson Asia Focus Fund (IASMX)Pacific/Asia ex-Japan Stk-13.68% (5/15/2020)11.12% (4/30/2020)-5.48% (4/30/2020)-12.18% (4/30/2020)
Aberdeen Asia Pacific (ex-Japan) Equity Fund Class A (APJAX)Pacific/Asia ex-Japan Stk-14.49% (5/15/2020)9.33% (4/30/2020)-9.39% (4/30/2020)-13.04% (4/30/2020)
Invesco Asia Pacific Growth Fund Class A (ASIAX)Pacific/Asia ex-Japan Stk-10.92% (5/15/2020)8.68% (4/30/2020)-5.66% (4/30/2020)-10.55% (4/30/2020)
Janus Henderson Asia Equity Fund Class T (JAQTX)Pacific/Asia ex-Japan Stk-14.27% (5/15/2020)11.26% (4/30/2020)-7.32% (4/30/2020)-11.86% (4/30/2020)
Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX)Pacific/Asia ex-Japan Stk-14.75% (5/15/2020)10.59% (4/30/2020)-6.85% (4/30/2020)-12.75% (4/30/2020)
Matthews Asia ESG Fund Investor Class (MASGX)Pacific/Asia ex-Japan Stk-14.08% (5/15/2020)11.58% (4/30/2020)-11.44% (4/30/2020)-14.80% (4/30/2020)
Matthews Asia Small Companies Fund Investor Class Shares (MSMLX)Pacific/Asia ex-Japan Stk-3.65% (5/15/2020)14.60% (4/30/2020)-7.45% (4/30/2020)-8.07% (4/30/2020)
Matthews Pacific Tiger Fund Investor Class (MAPTX)Pacific/Asia ex-Japan Stk-15.59% (5/15/2020)8.13% (4/30/2020)-9.02% (4/30/2020)-14.41% (4/30/2020)
BlackRock Asian Dragon Fund,Inc.Investor A Shares (MDPCX)Pacific/Asia ex-Japan Stk-14.57% (5/15/2020)8.95% (4/30/2020)-8.90% (4/30/2020)-12.84% (4/30/2020)
Matthews Asian Growth and Income Fund Investor Class (MACSX)Pacific/Asia ex-Japan Stk-14.24% (5/15/2020)7.84% (4/30/2020)-8.99% (4/30/2020)-12.52% (4/30/2020)
Matthews Emerging Asia Fund Investor Class (MEASX)Pacific/Asia ex-Japan Stk-30.16% (5/15/2020)12.15% (4/30/2020)-27.68% (4/30/2020)-29.66% (4/30/2020)
      

Matthews Asia Innovators Fund Investor Class Shares, MATFX looks good to me, but I think Chang is very fimilar with Matthews Asia funds.

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

@FatKat Thanks I am familiar with most of those funds. Actually, I am not looking for (another) Asia fund. Not actually looking for anything. What I like about SIGIX is that it:

  • Is not strictly an EM fund - but primarily looks in EM territories
  • Is not strictly an Asia fund - but focuses there
  • Looks for growth and income opportunities

If you haven't been sitting on the top Chinese internet companies for the last 3 years, then you've been under-performing, period. "Rear-view mirror" results are useless for forward-looking analysis here, unless you're prepared to get into macro details about the prospects for specific economic sectors.

I won't add to SIGIX now, but I won't sell it now either.

Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary


@BigTom wrote:

Not to sidetrack the thread but has investing in the Asian region ever outperformed funds in the overall EM region? 
Is Andrew’s underperformance do to his ability, the Asian region or the value/growth tilt of the fund?


1. Yes. That is my expectation going forward.

2. Some lapses in judgment and response, plus the value/income tilt of the fund. IMO.

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary


@Hootz wrote:

 

FD2001,

I am glad that you can tell us that Andrew Foster underperformed for the past 5 years.

However, can you tell us something that we do not know. Will he underperform for the next 5?

Hootz

 

 


Hootz X 2

I posted about Foster 1-2 years ago because his record was bad already.

Can you guarantee Foster will perform in the next 5 years?

In the least 20 years, I make sure that 1) none of my managed funds lag  2) I don't have to be overly diversified  3) for stocks: except US LC which is a must IMO all other categories don't have to be matched.

Do I have to be in value or growth? no, that's why all of D&C funds, except DODIX must be avoided because there ar better choice.

I don't have to invest in SC or international unless I see better risk/reward and why I avoided them for years.

I already gave several better options, after all, I would never keep a fund that lost money for 5 years.

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary


@FatKat wrote:

@FD1001 wrote:

SIFIX has a negative annual performance for 1-3-5 years.

There are so many other and better options, even if it's not exactly a match.

 

I would review only Asia funds, since that is @chang 's topic.

Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio Class A (MSAUX)Pacific/Asia ex-Japan Stk-2.21% (5/15/2020)6.34% (4/30/2020)-0.49% (4/30/2020)-3.17% (4/30/2020)
Matthews Asia Innovators Fund Investor Class Shares (MATFX)Pacific/Asia ex-Japan Stk5.70% (5/15/2020)11.41% (4/30/2020)3.27% (4/30/2020)1.99% (4/30/2020)
Fidelity Emerging Asia Fund (FSEAX)Pacific/Asia ex-Japan Stk-1.21% (5/15/2020)11.63% (4/30/2020)0.68% (4/30/2020)-1.98% (4/30/2020)
T. Rowe Price Asia Opportunities Fund (TRAOX)Pacific/Asia ex-Japan Stk-11.40% (5/15/2020)10.74% (4/30/2020)-4.84% (4/30/2020)-9.63% (4/30/2020)
T. Rowe Price New Asia Fund (PRASX)Pacific/Asia ex-Japan Stk-10.47% (5/15/2020)9.21% (4/30/2020)-4.54% (4/30/2020)-9.34% (4/30/2020)
Invesco Pacific Growth Fund Class A (TGRAX)Pacific/Asia ex-Japan Stk-2.19% (5/15/2020)7.77% (4/30/2020)-0.07% (4/30/2020)-4.07% (4/30/2020)
Guinness Atkinson Asia Focus Fund (IASMX)Pacific/Asia ex-Japan Stk-13.68% (5/15/2020)11.12% (4/30/2020)-5.48% (4/30/2020)-12.18% (4/30/2020)
Aberdeen Asia Pacific (ex-Japan) Equity Fund Class A (APJAX)Pacific/Asia ex-Japan Stk-14.49% (5/15/2020)9.33% (4/30/2020)-9.39% (4/30/2020)-13.04% (4/30/2020)
Invesco Asia Pacific Growth Fund Class A (ASIAX)Pacific/Asia ex-Japan Stk-10.92% (5/15/2020)8.68% (4/30/2020)-5.66% (4/30/2020)-10.55% (4/30/2020)
Janus Henderson Asia Equity Fund Class T (JAQTX)Pacific/Asia ex-Japan Stk-14.27% (5/15/2020)11.26% (4/30/2020)-7.32% (4/30/2020)-11.86% (4/30/2020)
Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX)Pacific/Asia ex-Japan Stk-14.75% (5/15/2020)10.59% (4/30/2020)-6.85% (4/30/2020)-12.75% (4/30/2020)
Matthews Asia ESG Fund Investor Class (MASGX)Pacific/Asia ex-Japan Stk-14.08% (5/15/2020)11.58% (4/30/2020)-11.44% (4/30/2020)-14.80% (4/30/2020)
Matthews Asia Small Companies Fund Investor Class Shares (MSMLX)Pacific/Asia ex-Japan Stk-3.65% (5/15/2020)14.60% (4/30/2020)-7.45% (4/30/2020)-8.07% (4/30/2020)
Matthews Pacific Tiger Fund Investor Class (MAPTX)Pacific/Asia ex-Japan Stk-15.59% (5/15/2020)8.13% (4/30/2020)-9.02% (4/30/2020)-14.41% (4/30/2020)
BlackRock Asian Dragon Fund,Inc.Investor A Shares (MDPCX)Pacific/Asia ex-Japan Stk-14.57% (5/15/2020)8.95% (4/30/2020)-8.90% (4/30/2020)-12.84% (4/30/2020)
Matthews Asian Growth and Income Fund Investor Class (MACSX)Pacific/Asia ex-Japan Stk-14.24% (5/15/2020)7.84% (4/30/2020)-8.99% (4/30/2020)-12.52% (4/30/2020)
Matthews Emerging Asia Fund Investor Class (MEASX)Pacific/Asia ex-Japan Stk-30.16% (5/15/2020)12.15% (4/30/2020)-27.68% (4/30/2020)-29.66% (4/30/2020)
      

Matthews Asia Innovators Fund Investor Class Shares, MATFX looks good to me, but I think Chang is very fimilar with Matthews Asia funds.


That's the same argument that I have heard about DODGX, just because the managers decided to invest one way while other funds in the LC category which are a blend, including the index SPY vs DODGX, had better performance + better risk attributes, why would you put your head in the sand and be stubborn instead of making money.

Back to SIGIX

1) Is it really only Asia? it's 78%, the rest is not

2) Why would I limit myself to the same countries as SIGIX and/or SIGIX managers' decisions that are lagging instead of looking somewhere else?

Most of the following are mainly in Asia and all have a positive performance for 3-5 years.

em-2.PNG

 

Last comment from me in this thread.

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary

Asia Developed24.86
Asia Emerging71.32

 MATFX

 

Last but not least :")

0 Kudos
Highlighted
Frequent Contributor

MATFX / MITEX


@FatKat wrote:
Asia Developed24.86
Asia Emerging71.32

 MATFX


In another thread I recall saying that Matthews Asia Innovation MATFX / MITEX didn’t interest me much because I had all that exposure in Asia Growth MPACX / MIAPX. I have checked again, and it looks like I was mistaken. They aren’t similar!

I believe @rhythmmethod has been accumulating MATFX so there’s a chance he’s read and researched what the managers have been doing more than anyone else. While (for the N’th time) I have my qualms about the way Matthews operates, and I am trying to reduce funds, I would be interested in what others know and think about this fund and its targets. Happy for this thread to digress that way.

Tags (2)
0 Kudos
Highlighted
Contributor ○○○

Re: MATFX / MITEX

Interesting thread, I'm not very familiar with this particular area of investing, but I had heard of Seafarer and Mr. Foster, from the Mutual Fund Observer.  And I like to learn about different funds and investment areas.

Anyway, to meander around to my point and finally ambush it, one of the funds in FD's posted list looks impressive, at least at first glance.  Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio Class A (MSFBX).  Very good ten year return, a low portfolio turnover, a concentrated portfolio of 31 stocks.  It's a load fund, but you can get it at Schwab no load no transaction fee, and a $100 minimum initial investment (although I know that's not a consideration for Chang!).  The only charge I see is that it does have a 0.25 12b1 fee.  

0 Kudos
Highlighted
Frequent Contributor

Re: MATFX / MITEX


@chang wrote:

@FatKat wrote:
Asia Developed24.86
Asia Emerging71.32

 MATFX


In another thread I recall saying that Matthews Asia Innovation MATFX / MITEX didn’t interest me much because I had all that exposure in Asia Growth MPACX / MIAPX. I have checked again, and it looks like I was mistaken. They aren’t similar!

I believe @rhythmmethod has been accumulating MATFX so there’s a chance he’s read and researched what the managers have been doing more than anyone else. While (for the N’th time) I have my qualms about the way Matthews operates, and I am trying to reduce funds, I would be interested in what others know and think about this fund and its targets. Happy for this thread to digress that way.

I bot some MATFX in two separate IRA accounts in late March because I wanted growth that was not US dot-com. I was also reasoning Asia, X Japan, was ahead of us on the recovery. Having been in China as late as Dec of 2019 I couldn't help but be impressed with the China work ethic, etc. I added periodically. I am not an equity momentum investor in general, but was a momentum investor this time, for this fund, as a concept. Through more luck than skill my holdings are up will over 11% as of Friday last week. I was a previous unimpressed holder of MAPIX. I may add more but will probably be developing other areas of my port first.

Highlighted
Frequent Contributor

Re: MATFX / MITEX


@mlott1 wrote:

Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio Class A (MSFBX).  Very good ten year return, a low portfolio turnover, a concentrated portfolio of 31 stocks.  It's a load fund, but you can get it at Schwab no load no transaction fee, and a $100 minimum initial investment...


I’ve seen a slew of Morgan Stanley funds crop up in various threads here lately - all basically super growthy, high flying (and eventually fast crashing) funds with exorbitant fees. Maybe what I should do is just buy Morgan Stanley stock.

0 Kudos
Highlighted
Frequent Contributor

Re: MATFX / MITEX

@rhythmmethod Much appreciated. I could add perspective and support to your observations (and decision to invest), but not right here and now.

And right you are on MAPIX. I sold a large amount last year with no tax consequences, and I just placed an order now to sell a second, smaller position that will have a CG. (So what, now that I have booked offsetting losses).

Also, I read the managers commentaries for MATFX and they resonate well with my experience and outlook. It goes on watch!

Highlighted
Explorer ○

Re: MATFX / MITEX

@chang 

I know you are a big fan of MATFX. Here is a link to David Snowball's recent commentary on one of the co-manager leaving Matthews,

"The "consequential" change is Ms. Hsiao's departure for parts (as yet) unknown. China Small Companies is five-star, $500 million and a top 1-2% performer since inception. Asia Innovators is five-star and $1 billion; though she's not the lead manager there, it's been vastly stronger during the two years she's worked with it. I have no idea of her next steps but she certainly has the credentials to leave the public investing sphere altogether. Too, several larger firms are on the hunt for star management teams, so she might eventually resurface. Matthews has a deep bench and a healthy internal culture, so far as I can tell. The folks rotating into the funds are successful in their own right, both at Matthews and in the years before"

Link

Highlighted
Frequent Contributor

Re: MATFX / MITEX

@rthiru Thanks for this. Doesn't sound like good news. I notice they're liquidating the Asia Value fund ... obviously that was a miscalculation. I have no idea why they just opened a global EM fund, like there aren't enough of those already. There's a lot about Matthews as a company that I don't like.

If my two Matthews funds MPACX/MIAPX and MATFX/MITEX ever falter (say, drop to 3* for a year) I won't hesitate to move on.

0 Kudos
Highlighted
Frequent Contributor

Re: Seafarer Fund (SIGIX) - Andrew Foster commentary


@FD1001 wrote:

@FatKat wrote:

@FD1001 wrote:

SIFIX has a negative annual performance for 1-3-5 years.

There are so many other and better options, even if it's not exactly a match.

 

I would review only Asia funds, since that is @chang 's topic.

Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio Class A (MSAUX)Pacific/Asia ex-Japan Stk-2.21% (5/15/2020)6.34% (4/30/2020)-0.49% (4/30/2020)-3.17% (4/30/2020)
Matthews Asia Innovators Fund Investor Class Shares (MATFX)Pacific/Asia ex-Japan Stk5.70% (5/15/2020)11.41% (4/30/2020)3.27% (4/30/2020)1.99% (4/30/2020)
Fidelity Emerging Asia Fund (FSEAX)Pacific/Asia ex-Japan Stk-1.21% (5/15/2020)11.63% (4/30/2020)0.68% (4/30/2020)-1.98% (4/30/2020)
T. Rowe Price Asia Opportunities Fund (TRAOX)Pacific/Asia ex-Japan Stk-11.40% (5/15/2020)10.74% (4/30/2020)-4.84% (4/30/2020)-9.63% (4/30/2020)
T. Rowe Price New Asia Fund (PRASX)Pacific/Asia ex-Japan Stk-10.47% (5/15/2020)9.21% (4/30/2020)-4.54% (4/30/2020)-9.34% (4/30/2020)
Invesco Pacific Growth Fund Class A (TGRAX)Pacific/Asia ex-Japan Stk-2.19% (5/15/2020)7.77% (4/30/2020)-0.07% (4/30/2020)-4.07% (4/30/2020)
Guinness Atkinson Asia Focus Fund (IASMX)Pacific/Asia ex-Japan Stk-13.68% (5/15/2020)11.12% (4/30/2020)-5.48% (4/30/2020)-12.18% (4/30/2020)
Aberdeen Asia Pacific (ex-Japan) Equity Fund Class A (APJAX)Pacific/Asia ex-Japan Stk-14.49% (5/15/2020)9.33% (4/30/2020)-9.39% (4/30/2020)-13.04% (4/30/2020)
Invesco Asia Pacific Growth Fund Class A (ASIAX)Pacific/Asia ex-Japan Stk-10.92% (5/15/2020)8.68% (4/30/2020)-5.66% (4/30/2020)-10.55% (4/30/2020)
Janus Henderson Asia Equity Fund Class T (JAQTX)Pacific/Asia ex-Japan Stk-14.27% (5/15/2020)11.26% (4/30/2020)-7.32% (4/30/2020)-11.86% (4/30/2020)
Guinness Atkinson Asia Pacific Dividend Builder Fund (GAADX)Pacific/Asia ex-Japan Stk-14.75% (5/15/2020)10.59% (4/30/2020)-6.85% (4/30/2020)-12.75% (4/30/2020)
Matthews Asia ESG Fund Investor Class (MASGX)Pacific/Asia ex-Japan Stk-14.08% (5/15/2020)11.58% (4/30/2020)-11.44% (4/30/2020)-14.80% (4/30/2020)
Matthews Asia Small Companies Fund Investor Class Shares (MSMLX)Pacific/Asia ex-Japan Stk-3.65% (5/15/2020)14.60% (4/30/2020)-7.45% (4/30/2020)-8.07% (4/30/2020)
Matthews Pacific Tiger Fund Investor Class (MAPTX)Pacific/Asia ex-Japan Stk-15.59% (5/15/2020)8.13% (4/30/2020)-9.02% (4/30/2020)-14.41% (4/30/2020)
BlackRock Asian Dragon Fund,Inc.Investor A Shares (MDPCX)Pacific/Asia ex-Japan Stk-14.57% (5/15/2020)8.95% (4/30/2020)-8.90% (4/30/2020)-12.84% (4/30/2020)
Matthews Asian Growth and Income Fund Investor Class (MACSX)Pacific/Asia ex-Japan Stk-14.24% (5/15/2020)7.84% (4/30/2020)-8.99% (4/30/2020)-12.52% (4/30/2020)
Matthews Emerging Asia Fund Investor Class (MEASX)Pacific/Asia ex-Japan Stk-30.16% (5/15/2020)12.15% (4/30/2020)-27.68% (4/30/2020)-29.66% (4/30/2020)
      

Matthews Asia Innovators Fund Investor Class Shares, MATFX looks good to me, but I think Chang is very fimilar with Matthews Asia funds.


That's the same argument that I have heard about DODGX, just because the managers decided to invest one way while other funds in the LC category which are a blend, including the index SPY vs DODGX, had better performance + better risk attributes, why would you put your head in the sand and be stubborn instead of making money.

Back to SIGIX

1) Is it really only Asia? it's 78%, the rest is not

2) Why would I limit myself to the same countries as SIGIX and/or SIGIX managers' decisions that are lagging instead of looking somewhere else?

Most of the following are mainly in Asia and all have a positive performance for 3-5 years.

em-2.PNG

 


My post above was from ‎05-17-2020 11:11 PM.  MATFX,FSEAX were number 1-2 on the list.

What happened in the last 3 months?           ...SIGIX 17.7%...MATFX+FSEAX 35.1%

0 Kudos
Announcements