Latest news with #PeeyushMittal
Yahoo
13-05-2025
- Business
- Yahoo
Is Matthews India Fund (MINDX) a Strong Mutual Fund Pick Right Now?
If you have been looking for Pacific Rim - Equity funds, it would not be wise to start your search with Matthews India Fund (MINDX). MINDX bears a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance. MINDX is one of many Pacific Rim - Equity funds to choose from. Pacific Rim - Equity mutual funds typically invest in companies throughout the dominant export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. Since Japan mutual funds are already popular in their own right, these Pacific funds will usually invest less than 10% of their assets in Japanese companies. Matthews Asia is based in San Francisco, CA, and is the manager of MINDX. Since Matthews India Fund made its debut in October of 2005, MINDX has garnered more than $600.28 million in assets. The fund's current manager, Peeyush Mittal, has been in charge of the fund since April of 2018. Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 16.67%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 8.55%, which places it in the top third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 14.38%, the standard deviation of MINDX over the past three years is 13.57%. The standard deviation of the fund over the past 5 years is 14.59% compared to the category average of 17.87%. This makes the fund less volatile than its peers over the past half-decade. With a 5-year beta of 0.46, the fund is likely to be less volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. MINDX's 5-year performance has produced a positive alpha of 8.07, which means managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns. As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, MINDX is a no load fund. It has an expense ratio of 1.22% compared to the category average of 1.16%. MINDX is actually more expensive than its peers when you consider factors like cost. While the minimum initial investment for the product is $2,500, investors should also note that each subsequent investment needs to be at least $100. Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included. Overall, Matthews India Fund ( MINDX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and higher fees, Matthews India Fund ( MINDX ) looks like a somewhat weak choice for investors right now. For additional information on the Pacific Rim - Equity area of the mutual fund world, make sure to check out There, you can see more about the ranking process, and dive even deeper into MINDX too for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MINDX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
13-05-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: US-China Trade Truce Sends Global Stocks Higher
Asian stocks followed gains in US equities on optimism the US-China trade truce marks the end to an all-out tariff war. Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher. Japan's Topix gained for a 13th day, putting it on track for it longest winning streak in 16 years. A gauge of US-listed Chinese stocks surged 5.4% on Monday in its best session in over two months. The dollar was little changed in Asia after jumping Monday. The return of risk appetite came as trade negotiators from the world's two biggest economies announced Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%. We get reaction from Brian Krawez, President and Lead Portfolio Manager at Scharf Investments. Plus - stocks in Pakistan and India rallied Monday as a ceasefire agreement between the two nuclear-armed neighbors calmed markets that had been shaken by military clashes on their border. Pakistan's stock benchmark KSE-30 Index closed 9.3% higher, the most since 2008, in a rally that triggered an hour-long trading halt. The NSE Nifty 50 Index rose 3.8% in Mumbai, as both nations stepped back from the brink of war, allowing market participants to turn their focus back to the economic outlook for the South Asian nations. We take a closer look at the outlook for Indian equities with Peeyush Mittal, Senior Equity Research Analyst at Matthews Asia.
Business Recorder
09-05-2025
- Business
- Business Recorder
Indian shares fall after India says Pakistan launched multiple attacks
Indian stocks opened lower on Friday after the army said Pakistani forces launched multiple overnight drone and munition attacks along the country's western border, raising fears of further escalation between the two nuclear-armed neighbours. The Nifty 50 fell 0.6% to 24,132.1 and the BSE Sensex lost 0.54% to 79,952.51 as of 9:15 a.m. IST. Both the benchmarks opened about 1.5% lower before trimming some of the losses. All the 13 major sectors declined in the morning. Indian shares set for muted start amid India-Pakistan tensions The broader, more domestically focussed small-caps and mid-caps fell 2% and 1%, respectively. Blasts rang out across the Indian city of Jammu late on Thursday during a Pakistani drone and missile attack on military stations around the Kashmir region on the second day of cross-border clashes that have so far killed nearly four dozen people. 'Developments like these invariably create an environment of uncertainty which will prompt some investors to wait and see how events unfold,' said Peeyush Mittal, portfolio manager at Matthews Asia. However, investors are unlikely to pull out of Indian markets entirely due to hopes of a trade deal and the country's economic resilience, he said.
