Countries from the Pacific Basin region together make up one of the world’s most diverse and economically powerful regions. Cutting-edge technological capabilities and a large and growing savings pool are among the region’s key strengths. Prominent centers of production and developing economies exhibiting rapid growth also ensure that the Pacific region is a lucrative investment destination. Investing in mutual funds from these countries represents a prudent balance between growth opportunities and safety of 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.
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 13.26%.
The Pacific mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.78% compared to a category average of 1.94%.
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 14% in the last one year period.
Frederick Jiang is the fund manager and has managed this Pacific mutual fund since 2004.
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 mutual fund returned 28.99% over the last one year and has a five year annualized return of 6.85%.
As of October 2010, this Pacific mutual fund held 183 issues, with 3.71% of its total assets invested in Orix Corporation.
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 11.82% in the last one year period.
The Pacific mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.65% compared to a category average of 1.69%.
Guinness Atkinson Asia Focus (IASMX) seeks capital growth over the long term. The fund invests the majority of its assets in common and preferred stocks as well as convertible securities of Asian companies. It purchases securities issued by companies of different sizes and invests in at least four different countries. The Pacific mutual fund has a ten year annualized return of 15.19%.
Edmund Harriss is the fund manager and has managed this Pacific mutual fund since 2003.
To view the Zacks Rank and past performance of all Pacific mutual funds, then click here.