Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Matthews Asia Pacific Tiger

Elite Rated by FundCalibre

Matthews is a specialist Asian manager based in San Francisco. This is its flagship fund, which aims to invest in high quality companies for the long term. The strategy has been running since 1994 but has only recently become available to UK investors.

Company Description

Matthews Asia was founded in 1991 by Paul Matthews and has since focused all its efforts and expertise within the Asian markets. It is the largest Asian equity specialist in the US and first made its funds available to non-US clients in 2010.


Fund Manager

Lead manager Sharat Schroff has been running the fund for seven years. Prior to this, he worked in Hong Kong and San Francisco as an equity research associate for Morgan Stanley. Rahul Gupta has co-managed this fund since April 2014.


As long-term investors in Asia, we believe the best opportunities for wealth creation arise when market reforms, enhanced competition and rising household incomes combine to spur new and growing markets.

Sharat Shroff - Fund Manager

The Investment Process

The fund’s investment philosophy is to ignore short-term macroeconomic noise and focus entirely on the long term. Matthews is deliberately based in San Francisco to remove the day-to-day noise of the Asian markets. However, the team make regular visits to the region and see thousands of companies, including the suppliers and customers of potential stock ideas.

Matthews has a large investment team from diverse backgrounds. They have a wide range of local knowledge and speak 13 different languages between them. All fund managers sit with their team and work as analysts. The fund aims to buy high quality, capital-light businesses, which are typically more expensive than the index, but have great potential for growth. Corporate governance is extremely important. The team spend 3-12 months working on each new idea.


The fund has a strong bias to quality and is heavily underweight certain sectors, such as industrials, telecoms, materials and financials. It is also more exposed to the Asian consumer than Asian exporters. As a result, the fund may experience periods of underperformance in the short term, when low quality shares rally. Investors should also be aware of the currency risk.

Our Opinion

This is a core Asian equity fund run by a well-structured and well-resourced specialist team. We particularly like the fund’s willingness to differ from the benchmark and its aim to invest in long-term Asian winners. The focus on corporate governance, expert local knowledge and numerous company meetings are all reasons to think this fund will continue to outperform over the long term.

  • Fund
  • Sector

©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.