Matthews Asia renames $565m Asia ex Japan Dividend fund

Ex Japan Total Return Equity fund

Matthews Asia has renamed its $565m ex Japan Dividend fund to the Matthews Asia ex Japan Total Return Equity fund to “better reflect” the total return objective of the strategy.

The investment philosophy of the portfolio, run by Kenneth Lowe and Sharat Shroff, as well as management fees, will remain the same, the firm said.  Launched in November 2015, the strategy aims to deliver attractive total return through capital appreciation and current income with a portfolio of Asian companies paying a steady or growing dividend. The fund invests in companies in their early stages of growth with low payout ratios, quality firms with strong cash flow generation and cyclical stocks. Since inception to the end of January, it has outperformed the MSCI All Country Asia...