Matthews China Investor
It has been a rough stretch for the Matthews China Investor (MUTF:MCHFX), which has lost 14% in the past 52 weeks. But the fund has averaged more than 15% returns in the past decade, including more modest single-digit returns the past few years.
MCHFX’s portfolio managers, Richard Gao and Henry Zhang, have a flexible approach to investing. They will invest in Hong Kong operators, state-owned firms and even companies listed on local exchanges. Some top holdings include China Mobile, New Oriental Education & Technology Group (NYSE:EDU) and Lenovo (PINK:LNVGF)
Gao and Zhang have invested in consumer discretionary and consumer staples stocks — which have seen steep drops, but also likely would rally with a broader Chinese economical rebound.
MCHFX charges 1.13% in expenses and also is rated 4 stars by Morningstar.