Filed under: International markets, Newsletters, Mutual funds, Stocks to Buy, China Mobile Limited (CHL)
Global expert John Christy combines Asia and technology in the latest fund recommendation in his Forbes International Investment Report.
“Our latest buy is Matthews Asian Technology Fund (MATFX), which has been added to our Global Core and Asia-Pacific Portfolios. While there’s plenty of uncertainty in global markets at the outset of 2008, the tech sector and Asia’s economies both look well-positioned to weather the storm.
“The Matthews Asian Technology Fund gives you the best of both worlds. With $245 million in assets, the fund has delivered annualized returns in excess of 25% over the past five years. It invests in a mixture of both large-cap and small-cap companies, with varying degrees of exposure to ‘technology.’
“Some holdings, like Chinese search engine Baidu.com and the Japanese social networking site Mixi, are pure technology plays, whereas Korea’s Samsung Electronics and Japan’s Sony fall into the more mature camp of consumer electronics.
“Telecom is also among the fund’s biggest holdings, with China Mobile and India’s Bharti Airtel among the top 10 holdings. That means the fund won’t always deliver eye-popping returns, but it offers a bit more protection on the downside.”
Each day, Steven Halpern’s TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation’s leading financial newsletter advisors.
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