The Pacific Basin is one of the world’s most diverse and economically vibrant regions. Among its inherent strengths are cutting-edge technological capabilities and a burgeoning savings pool. Renowned centers of production and fast growing potential markets in this part of the world also ensure that it is an exciting investment destination. With a high degree of diversification between developed and developing markets, mutual funds from this sector present a healthy mix of growth opportunities and safety for capital invested.
Below we will share with you 5 top rated Pacific mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform its peers in the future.
Fidelity Pacific Basin (FPBFX) seeks capital appreciation over the long term. The fund invests the majority of its assets in securities of Pacific Basin issuers and other investments with economic linkages to the region. The Pacific fund returned 31.71% over the last one year and has a five year annualized return of 8.19%.
The Pacific mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.68%.
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 for superior earnings growth, sufficient financial resources and an efficient management team. The Pacific mutual fund returned 19.47% in the last one year period.
Anthony L.T. Cragg is the fund manager and has managed this Pacific fund since 1993.
Invesco Asia Pacific Growth A (ASIAX) seeks capital growth. The fund invests a large share of its assets in companies from the Asia Pacific region, with the exception of Japan. The fund focuses on acquiring marketable equity securities but may also invest in derivatives. The Pacific mutual fund has a ten year annualized return of 13.29%.
As of September 2010, this Pacific mutual fund held 66 issues, with 5.17% of its total assets invested in Invesco Short Term Inv Liq Assets Instl.
Ivy Pacific Opportunities A (IPOAX) invests at least 80% of its assets in equity securities of large and mid-cap companies. These firms must be those whose securities are traded on Pacific markets or those with half of their operations in the Pacific region. The Pacific mutual fund returned 18.13% in the last one year period.
The Pacific fund has a minimum initial investment of $500 and an expense ratio of 1.83% compared to a category average of 1.96%.
Matthews Asia Pacific Investor (MPACX) seeks capital growth over the long term. The majority of the fund’s assets are invested in companies from the Asia Pacific region. Common and preferred stocks constitute the fund’s major investments. The Pacific mutual fund has a five year annualized return of 10.34%.
Taizo Ishida is the fund manager and has managed this Pacific fund since 2007.
To view the Zacks Rank and past performance of all Pacific mutual funds, then click here.