Morningstar

Matthews China Fund Institutional Class MICFX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Matthews Asia Investment Hub

Morningstar’s Analysis MICFX

Will MICFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MICFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MICFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MICFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Team turnover remains an ongoing challenge.

Associate Analyst Yutong Cheng

Yutong Cheng

Associate Analyst

Summary

While long-tenured lead manager Andrew Mattock remains at the helm and provides meaningful continuity, the scale and persistence of turnover at both the strategy and firm levels have eroded confidence in the depth of research support underpinning his stock selection. Reflecting this, we downgrade the Process rating to Average from Above Average, while maintaining the People rating at Average.

by Yutong Cheng
Rated on Published on

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