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Frequent Contributor

Shifting between Matthews funds

I own MIAPX and MATFX in about a 2.2:1 ratio. I'm thinking of shifting some of the former to the latter. Both have performed well, but MIAPX (MPACX) is Japan-heavy and has been an index-hugger recently, while MATFX has been much stronger. I'm thinking of a shift MIAPX → MATFX (→ cheaper MITEX over $100k) which will reduce the ratio to 1.6. Makes sense?

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Frequent Contributor

Re: Shifting between Matthews funds

Bump. Today, MIAPX was up while MATFX was down -- a rare occurrence -- tempting me to do the buy/sell tomorrow. Any thoughts appreciated.

Edit: 2PM here in Bangkok, and the day is nearing an end in Asia. Japan down 0.7%, HK down 1.7% and China down 0.3%. US futures sharply down. Might be another day where MIAPX outperforms MATFX (though both will be down).

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Re: Shifting between Matthews funds

Would it not be a better idea to keep a 50/50 split between the two?

Rebalalance when there is a relative difference of 5% between the two?

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Frequent Contributor

Re: Shifting between Matthews funds


@galeno wrote:

Would it not be a better idea to keep a 50/50 split between the two?

Rebalalance when there is a relative difference of 5% between the two?


That makes a lot of sense ... except for the fact that MATFX has been the much hotter fund, so going to a 50/50 now would be the opposite of re-balancing. However, I did move a small amount today, and will make a few more such moves over the near term.

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