Matthews Funds MAPIX has been good to me the past few years but unfortunately missed the closure by a few days in a 401k rollover @ Fido. Invested 3% in MACSX and 5% in SFGIX (combined with 5% each in OAKIX & FMIJX for total international exposure).
However, I noticed it's categorized as a "Pacific/Asia ex-Japan Stk" by M* and looking at the breakdown, it has 10% in Japan, compared to 20% and 40%+ for MAPIX & MPACX, respectively. While staying away from "The Lost Decade" positively contributed to the long-term success of MACSX, this has resulted in a significant drag on returns YTD.
Not trying to go performance chasing, but have learned to never underestimate the power of the printing press and believe Abenomics will heavily influence the Nikkei.
This particular portfolio can handle much more volatility than the other one which owns MAPIX, so I am thinking about either swapping the Asian Growth & Income for just the Growth, OR maybe just add a small 1% position in MJFOX (I am rather meticulous in managing this portfolio for my mother so take asset allocation very seriously, plus I just plain love this shit).
Interested to hear your thoughts and opinions. Thanks
Escaping the Grandeur of Wasatch Mike,
Ultimate goal is simplification. An impediment to meeting this goal as I explained above was my need to "churn" my portfolio to book gains to offset losses on the books. I have a lot primarily because of investing in stock of company i or my wife (keep guessing) worked at which then went bankrupt.
So, I've been thinking about this since I started this thread. After examining the portfolios of the 4 Wasatch funds I own, I am coming to conclusion instead of keeping WAIGX and WAHGX, I should ONLY keep WAGOX. WAGOX seems to be giving me exposure across what WAIGX, WAHGX and WAEMX does. In fact WAGOX owns more of Emerging Markets as percentage of total assets than in WAIGX. Needless to say I will not be buying as much as I own in the other three into WAGOX. Besides I also own SFGIX which I plan to DCA into.
So next week I expect to sell all 4 at the brokerage I own them at, one, one day at a time with the first being WAGOX. Meanwhile I will start rolling into WAGOX at another brokerage.
This is how you do it people !!!