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Friday, January 07, 2011|
Matthews Closes a $4 Billion Fund to New Investors
Effective today, the Matthews Asian Growth and Income Fund will be closed to most new investorsbut will continue to accept investments from existing shareholders.
According to a regulatory filing Matthews International Capital Management [see profile] is limiting its sales to new investors because because its believes that "continued unlimited sales may adversely affect the Fundís ability to achieve its investment objective".
The fund managed some $4 billion as of the end of December 2010.
Printed from: MFWire.com/story.asp?s=35612
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