Despite significant changes to the Matthews India management team in recent years, the strategy remains in the hands of a capable portfolio manager. However, broader turnover across the investment teams, including India-focused analysts, introduces some uncertainty around the depth of research support and the consistency of process execution. As a result, we have downgraded the Process Pillar to Average from Above Average while maintaining its Average People Pillar rating.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIDNX’s performance objective and investment process is for both security selection and portfolio construction.
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