This emerging markets funds is generally concentrated on 100 or fewer stocks, with technology, financial and consumer cyclical the leading sectors.
T. Rowe Price New Asia (PRASX)
from Bob Carlson’s Retirement Watch
T. Rowe Price New Asia (PRASX) is a no-load fund can own stocks in any of the Asian markets except Japan. The fund’s management generally looks for growth companies, but only when their stocks can be purchased at reasonable prices. It seeks industry leaders with strong earnings growth. It doesn’t try to match its country or industry allocations to any index, so the fund can look very different from the indexes. That also means its short-term performance can differ greatly from the indexes and its peer funds.
The fund is focused, usually holding 100 or fewer stocks. Recently its top holdings and concentrations have been in companies focused on India or China, the two growth leaders of the emerging economies. The top individual holdings were AIA Group, Hutchinson Whampoa, Taiwan Semiconductor, Tencent Holdings, and Samsung Electronics.
Top sectors in the fund’s portfolio recently were technology at 29%, financial services at 25%, and consumer cyclicals at 17%. The fund can invest in either developed or emerging markets and recently was almost evenly split, with 52% in developed markets and 48% in emerging markets.
Bob C. Carlson, Bob Carlson’s Retirement Watch, www.retirementwatch.com, 800-552-1152, August 2015