Wells Fargo Advantage Asia Pacific (SASPX) invests the majority of its assets in equity securities of companies located in the Asia Pacific region. It focuses on purchasing securities of companies which have the potential to deliver superior sales and earnings growth, have sufficient financial resources and an efficient management team. The fund has a five year annualized return of 4.81%.The Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.68%.
T. Rowe Price New Asia (PRASX) seeks long term capital appreciation. It invests a large share of its assets in companies located in China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. It purchases stocks of companies with varying market capitalizations. It is non- diversified and a no-load fund.The Pacific fund returned 27.55% over the last one year and has a five year annualized return of 15.91%.
Matthews Korea (MAKOX) invests at least 80% of its assets, including borrowings for investment purposes in companies located in South Korea. The fund focuses on acquiring common and preferred stocks of these companies. It seeks long-term capital growth. The Pacific fund returned 25.5% over the last one year period.As of March 2010, this Pacific fund held 56 issues, with 11.41% of its total assets invested in Samsung Electronics Co Ltd.
Pacific Capital New Asia Growth A (PNAAX) seeks both capital appreciation over the long term. The majority of the fund’s assets are used to purchase common and preferred stock and convertible securities of Asian companies. Up to 10% of its assets may be invested in debt securities rated below investment grade. The Pacific fund has a ten year annualized return of 7.04%.Ali stair Thompson is the fund manager and has managed this Pacific fund since 2003.
Fidelity Pacific Basin(FPBFX) invests the majority of its assets in securities of Pacific Basin issuers and other investments with economic linkages to the region. It allocates funds to a specific country on the basis of its relative market size. The Pacific fund returned 26.73% in the last one year period.The Pacific fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.68%.
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