Matthews View on Asia's Importance I have almost 25% of my portfolio and two-thirds of my international exposure in Asia while I'm underweight Japan and the other developed markets, so I completely agree with Matthews on this one. I own the usual suspects as others have mentioned- GPIOX, GPEOX, GPMCX, MEASX, MAPIX and SFGIX all have big if not total allocations to Asia, but I also own KGGAX, OBIOX, QUSOX, EWX, TVRVX and WAFMX which each have 30% or more in Asia. That might be too many funds but I'm not uncomfortable at all with the large allocation because the stats on all these funds in terms of P/E, P/B, ROA, ROE and expected EPS growth seem very good pretty much across the board. Since I've built several of these positions over the last couple of years as emerging markets have suffered, I would also eventually reduce holdings if and when emerging markets/these funds have higher valuations. I'd expect that could ultimately reduce Asia to less than 20% of my portfolio with pretty much all of that coming out of emerging markets when it happens.
Matthews View on Asia's Importance Ben...I do believe an out sized Asia stake would be worthwhile simply due to the potential consumer growth in the area.
My holdings are similar to yours, with GPMCX, ARTGX, GPGOX, SFGIX and FMIJX. I do have an Asian pure play, which happens to be the first fund in this space I bought many years ago, and that's MAPTX, my only current Matthews holding.
One thing I'm currently looking at is the weighting between China and India within all of these funds. I believe India will overtake China in performance very shortly. MINDX is on my pondering list.
Matthews View on Asia's Importance https://matthewsasia.com/missing/?
As I have said previously, I sold most of my Matthews positions when Seafarer and Grandeur Peak opened their shops. The referenced article points out that many portfolios may be short of Asia coverage, even though international funds are held. I did a quick check of my holdings and concluded that I am well exposed to Asia with GPIOX, GPGOX, GPMCX, GPEOX,
SFGIX, and MAPIX. FMIJX could be said to be light on Asia, ARTRX is about average for a global fund. I wonder if others share the Matthews view that Asia deserves a larger spot in their portfolios.
Josh Brown: What We’re Telling Clients About European Stocks SFGIX. PRIDX. Down to 10% foreign equities. Letting them ride. I'm 36% in bonds of all types these days. I'm not looking to reduce that proportion which is already in bonds. Pretty happy with performance. PRIDX is almost evenly-split between Europe and Asia. SFGIX is 17% Latin America, 5% Emerging Europe, 6% Africa-Middle East and 72% Asia.
Gundlach Says U.S. Dollar Will Stay On Gentle Weakening Pattern Smattering in SFGIX, CIPDX and WAEMX. I see gentle (but I will take violent) strengthening pattern.
Rondure Funds now open I've got SFGIX and GPEOX too, but bought some of RNWOX today anyway. After a few years I can always drop one of them, but by then it might be too late to buy in.
Like I said...$100 if possible to get a toe in.
Rondure Funds now open I've got SFGIX and GPEOX too, but bought some of RNWOX today anyway. After a few years I can always drop one of them, but by then it might be too late to buy in.
Rondure Funds now open
Investors Pour Into EM ETFs To Close Q1 PREMX is my EM bond fund. Delighted with it. My EM equity fund is Foster's SFGIX. But I'm only 7% in overseas equities of all sorts. Anyhow, no complaints.
International Investing Options I've had very good performance with FMIJX and SFGIX. Two excellent funds, IMHO.
Emerging Market Funds - Looking for an Oxymoron For what it's worth, I was able to add SFGIX to a Vanguard IRA yesterday. I did not previously have a position in the fund at Vanguard. So it is still available to new investments on some platforms.
Emerging Market Funds - Looking for an Oxymoron Oops, I forgot that it's closed (SFGIX or SIGIX). As mentioned above, I'm in a different international fund, a TRP fund, which I'm happy with: PRIDX. Only about 20% of its portfolio is is in EM, though. from where I sit, that's my best shot. I would not recommend geographical sector-funds, like Africa or Latin America. You might want to check out the other fund run by Seafarer, the EM value fund. SFVLX. Not exactly the same mandate as the other, though.
Emerging Market Funds - Looking for an Oxymoron Seafarer G&I keeps coming up but it is closed to new investors. Same with Institutional shares. I just checked the website and talked to a rep.
@DavidSnowball do any of the Matthews funds like Growth and Income or Dividend come close to your parameters above? I still own Matthews Growth and Income but I used about 30% to start an
Sfgix position. I still like Matthews but I find Andrew Foster a more compelling manager.
DSE_X downside DSEEX is the institutional share class, which you can get for $5,000 only in retirement accounts. But you could also buy DBLFX, which has a 0.48% expense ratio, put 10% to 20% of what would have been your DSEEX allocation in that bond fund, then put the remaining 80% to 90% in four stock ETFs like XLK, which has a 0.14% expense ratio, and bring your average expense ratio down to about 0.20%. Since many of those ETFs trade transaction free at brokers, there'd be no cost there and you could also harvest losses on individual ETFs for tax purposes if need be instead of having them all lumped together in one fund. Periodically you could review what DSEEX is buying and try to get the ETFs it owns at a lower share price. I just don't see the great advantage of paying active management fees for a formula.
By contrast, I do see an advantage to paying active management fees for SFGIX, an active manager with a long successful track record at another fund shop--Matthews--and now his own shop. The manager of that fund doesn't follow a formula but does intensive fundamental research of the securities he owns, and has the results to prove it. Now you could call that just luck--a classic active versus passive debate--but at the very least you know Andrew Foster is definitely active. You're not paying for a formula. The only really active side in DSEEX is on the bond side, which is not the primary driver of its returns.
DSE_X downside These are good questions, and time will tell. I am guilty, as I have small holdings in this and DLEUX. Some have quite larger holdings so I hope all goes well for them. However, there are a lot of funds listed on these pages that seem to be excellent funds, and then some I don't quite understand all of the high praise, like SFGIX. I just don't get it. Maybe in time.
Emerging Market Funds - Looking for an Oxymoron I own WAEMX, SFGIX and CIPDX. I'm quite done with Emerging markets.
However I'm watching two emerging market funds carefully. ARTZX and ARTYX. I've always maintained ARTYX was only started because ARTZX couldn't get investors. So Artisan hires this bull market darling manager and I don't see ARTYX doing better than ARTZX yet. While it has garnered lot of assets, it has yet to outperform ARTZX for Artisan to merge it away into ARTYX.
I'm still betting ARTZX does better. If ARTYZ does better and ARTZX stinks I will shave my head. Even with luck of ARTYX not being fully invested at inception and fairing better out the gate, ARTZX has already caught up.
You really need to look under the hood at ARTZX and ARTYX. The two are managed with a very different approach.
Emerging Market Funds - Looking for an Oxymoron I own WAEMX, SFGIX and CIPDX. I'm quite done with Emerging markets.
However I'm watching two emerging market funds carefully. ARTZX and ARTYX. I've always maintained ARTYX was only started because ARTZX couldn't get investors. So Artisan hires this bull market darling manager and I don't see ARTYX doing better than ARTZX yet. While it has garnered lot of assets, it has yet to outperform ARTZX for Artisan to merge it away into ARTYX.
I'm still betting ARTZX does better. If ARTYZ does better and ARTZX stinks I will shave my head. Even with luck of ARTYX not being fully invested at inception and fairing better out the gate, ARTZX has already caught up.
Emerging Market Funds - Looking for an Oxymoron A frequently held view is that pairing a good EM equity fund such as SFGIX with an EM bond fund such as TGINX is a good conservative play for the EM space.
Emerging Market Funds - Looking for an Oxymoron Another vote for SFGIX, but unfortunately, it's closed to new accounts.