Matthews Asia Growth Fund (MPACX) Stock
Under normal operating conditions, the fund strives to meet its investment objective by allocating at least 80% of its capital—which includes money borrowed for investment purposes—to common and preferred equities of businesses primarily situated in Asia. Additionally, it may acquire convertible securities issued by Asian companies, without regard to their maturity or credit assessment, including those that are unrated or would be categorized as sub-investment grade.
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About Matthews Asia Growth Fund
Under normal operating conditions, the fund strives to meet its investment objective by allocating at least 80% of its capital—which includes money borrowed for investment purposes—to common and preferred equities of businesses primarily situated in Asia. Additionally, it may acquire convertible securities issued by Asian companies, without regard to their maturity or credit assessment, including those that are unrated or would be categorized as sub-investment grade. For this fund's mandate, Asia refers to all nations and financial markets throughout the Asian continent, encompassing developed, emerging, and frontier economies.
Matthews Asia Growth Fund is headquartered in US.
Matthews Asia Growth Fund (MPACX) stock trades at $36.78 with a market capitalization of $220.34M. Over the past 52 weeks the stock has ranged between $25.01 and $44.08, and currently trades 16.6% below its 52-week high.
Official website: www.matthewsasia.com/funds/mutual-funds/asia/asia-growth/?FundClassType=MPACX1