Matthews ChinaMCHFX

Matthews China is doing an impressive repeat.

It's been quite a challenge to outperform both in last year's brutal sell-off and in the sharp rally of 2009, but this fund is among the rare ones to pull it off. The fund lost 49% in 2008, but that was still one of the very best results among China-focused offerings thanks to the portfolio's relatively conservative stance and its lower exposure to especially hard-hit Chinese exporters.  Read more 

Management looks for robust long-term earnings prospects and moderate valuations, considers firms of all sizes, and runs a fairly focused portfolio. It invests in all types of Chinese stocks: China plays (Hong Kong firms that do most of their business on the mainland), H shares (state-owned companies that trade in Hong Kong), red chips (partially state-owned firms incorporated in Hong Kong), and B shares (mainland firms listed on local exchanges).  Read more 

Richard Gao served as a foreign-exchange trader and assistant manager for Bank of China before joining Matthews in 1997. Andrew Foster is also quite experienced in Asia-focused investing. They're supported by a deep and growing team of investment professionals.  Read more 

This fund is appropriate only for investors who are bold enough, patient enough, and sophisticated enough to make good use of a China offering. It's run by a talented team from Matthews, a first-rate Asia boutique.  Read more