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What’s New In Investments, Funds? – Matthews Asia, Thornburg IM, Concord

Editorial Staff 19 September 2023

What’s New In Investments, Funds? – Matthews Asia, Thornburg IM, Concord

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Matthews Asia
Matthews Asia has just launched a suite of emerging market funds that provide investors with the ability to customise their emerging market exposure.

Mirroring the firm’s strategies available to US investors, they are the Matthews Emerging Markets Equity Fund, Emerging Markets ex China Equity Fund, and Emerging Markets Discovery Fund. All three funds are categorised as Article 8 under the EU’s Sustainable Financial Disclosure Regulation, the firm said in a statement. 

Managed by lead portfolio managers John Paul Lech and Alex Zarechnak, with support from co-managers Andrew Mattock and Peeyush Mittal, the Matthews Emerging Markets Equity Fund uses a bottom-up investment approach to build a core, quality-growth all-cap portfolio of 30 to 70 companies.  The investment team look for companies that have higher growth metrics, as well as higher quality metrics, than the broader market with a focus on firms that can serve the growing needs of domestic consumers within their market.  

The Matthews Emerging Markets ex China Equity Fund is a concentrated all-cap portfolio of 30 to 70 stocks which provides investors with the ability to separate China from their core emerging markets allocation, either to avoid exposure or to have more control using a dedicated China strategy. 

The Matthews Emerging Markets Discovery Fund provides investors with the ability to complement their current emerging market allocation with a portfolio which invests in small companies that often have more innovative and entrepreneurial business models. The fund invests in 40 to 80 small companies across emerging markets, typically early in their lifecycle, holding them as they capitalise on structural growth trends in large addressable markets. It is managed by lead portfolio manager Vivek Tanneeru, with support from co-managers Jeremy Sutch and Alex Zarechnak. 

“In our discussions with institutions and wealth managers, a growing number are looking to build customised exposures to emerging markets and have greater control over a core allocation. Matthews’ launch of these emerging market funds gives the power of choice to sophisticated investors, allowing us to deepen partnerships with clients in Europe and Asia and for them to leverage our firm’s capabilities to construct highly distinct, actively-managed portfolios,” Cooper Abbott, CEO of Matthews Asia, said:

Thornburg Investment Management, Concord Capital Management
Thornburg Investment Management, a global investment firm, and Concord Capital Management, a pioneer of master agent offshore funds in Taiwan, have launched the Thornburg Limited Term Income Fund in Taiwan to provide investors current income through US dollar-denominated short/intermediate investment grade bonds.

The fund is Thornburg’s first product introduction into the Taiwan market. It follows the firm's August signing of a master agent agreement with Concord to collaborate on the distribution of Thornburg offshore funds registered for general sale in Taiwan.

Thornburg’s Limited Term Income Fund (UCITS) has an investment objective of providing investors as high a level of current income as is consistent with keeping capital safe through investments in US dollar-denominated short/intermediate investment grade bonds. The UCITS fund was incepted in May 2017. As of 31 July 2023, the fund has $114.4 million in assets.

In August 2020, New Mexico-based Thornburg announced that it had appointed Concord as its private placement agent in Taiwan. Concord helps Thornburg market its global equities and fixed income UCITS funds and separately managed account solutions to institutions and high net worth investors in Taiwan.

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