Since its founding in 1991, Matthews Asia has concentrated its efforts and expertise on Asia. As an independent, privately owned firm, Matthews Asia is the largest dedicated Asia investment specialist in the United States, with offices in San Francisco, London, and Hong Kong. Throughout our 25-year history, we have applied our high conviction, bottom-up, fundamental investment philosophy, with a focus on long-term investment performance, to Asian investment. As of December 31, 2018, Matthews Asia had US$27.4 billion in assets under management.
Our team members share a set of important qualities and values that embody who we are and how we serve our clients. Deep experience, focused attention, accountability, client service, collaboration, and a sense of humility form the foundation of our work. To this foundation, we add our demonstrated, long-term conviction in Asia, our deep understanding of the Asian business landscape and of Asian cultures, and a commitment to contributing to the health and well-being of the communities in which we live and work.
Our singular focus on Asia is essential to who we are. But as much as we value what we hold in common, we also value our differences. Our diversity of background, of experience, and of thought, along with our varied perspectives and approaches to problem-solving, are essential to investing successfully in Asia—the most diverse region on earth.
The 47 members of our investment team† each have deep experience in Asia and share a commitment to helping you understand and leverage Asia’s long-term growth potential. They bring to that effort a range of skills, experiences, and backgrounds, with 34 team members hailing from Asia, speaking 15 different Asian languages and dialects. The extraordinary diversity of our team reflects the extraordinary diversity of Asia itself.Meet Your Team
Working from our headquarters in San Francisco and offices in Hong Kong and London, the 47 members of our investment team† are deeply rooted in Asia.
At Matthews Asia, our history is important to us because it is closely entwined with the economic, political, and social development of Asia. The region’s fascinating, complex, rapidly-changing geopolitical landscape was the crucible that formed our core values and approach to investing.
Matthews Asia’s steady growth over the course of its history has been rooted in the evolution of Asia’s markets. When our founder, Paul Matthews, first visited Asia in 1978, most countries were closed to foreign investment. With the exceptions of Hong Kong, Singapore, and Japan, most were poor. But as he worked in the region over the course of several years and witnessed its transformation, Paul became convinced that Asia’s growth was likely to outpace that of the rest of the world.
In 1991, Paul founded Matthews Asia to invest on the basis of that fundamental belief. Over the past 25 years, our conviction—our belief in the long-term growth of Asia—was forged through a number of extremely volatile episodes, from the Asian financial crisis in the late 1990s, to the SARS crisis, to a range of geopolitical scares, to the bursting of China’s equity bubble and the recent global financial crisis. These challenges have tested and ultimately strengthened Matthews Asia’s original, long-term investment philosophy. Our unwavering focus, discipline, and consistent track-record throughout market cycles distinguishes Matthews Asia from its peers.
…significantly improving the lives of Chinese citizens and catapulting China to economic prominence on the world stage
– Pacific Tiger Strategy inception
– Asian Growth & Income Strategy inception
– Vietnam and U.S. restore diplomatic ties; Vietnam becomes ASEAN member
– Taiwan holds its first direct democratic presidential election, ending the Kuomintang’s half-century of unchallenged one-party rule
– China and U.S. reach agreements that would further open Chinese markets to U.S. agricultural production, lift suspension of a 1992 market-access accord and open discussions on allowing U.S. telecommunication and insurance services into China
– Boeing won a $12.7BN order from Singapore Airlines
– Mark Headley joins Matthews as Managing Director
– Korea Strategy inception
– Matthews International Capital Management is SEC registered
– “The Handover” – Hong Kong officially joins mainland China
– Asian financial crisis
– Toyota introduces the Prius, first mass-produced Hybrid car
– Mark Headley brings in pool table to the office to relieve tension during Asian financial crisis
…“The Real Asian Miracle; The World’s Biggest Going-Out-of-Business Sale”
– China Strategy inception
– Japan Strategy inception
– Asia Innovators Strategy inception
– Paul Matthews named Manager of the Year by The Value Line Investments Survey
– September 11th World Trade Center attacks
– Matthews Asia reaches US$1BN AUM
– Asia Growth Strategy inception
– Asian consumer spending rises and becomes an increasingly important driver of global growth
– Matthews reaches US$5BN AUM
– India Strategy inception
– Asia Dividend Strategy inception
– China hosts summer Olympics
– Asia Small Companies Strategy inception
– China Dividend Strategy inception
– Agricultural Bank of China sets world record IPO at US$22.1BN
– Matthews Asia introduces UCITS for non-U.S. investors
– China Small Companies Strategy inception
– Asia Strategic Income Strategy inception
– Matthews Asia reaches US$20BN AUM
– Xi Jinping appointed President of China
– Matthews Asia applies for QFII license to access China A-Share market
– Asia Focus Strategy inceptions
– Emerging Asia Strategy inceptions
– Shanghai-Hong Kong Stock Connect launch
– The World Bank announces India as the world’s third-largest economy in purchasing power parity
– Alibaba sets world record IPO at US$25BN
– China and U.S. reach agreement on climate change
– Matthews Asia obtains GOLD LEED certification
– Matthews Asia reaches US$30BN AUM
– China devalues its currencies by 2% against the US dollar
– China announces the end of the one-child policy
– Asia Dividend ex Japan Strategy inception
– Asia Value Strategy inception
– Credit Opportunities Strategy inception
– Asia ESG Strategy inception
– Sustainability Committee founded with a focus on ESG
We partner with global institutional investors as they seek to better understand and to take full advantage of the Asia opportunity.
In the course of more than two decades of work with institutional clients, it’s become clear to us that Matthews Asia and the institutional community have a lot in common. In terms of investment approach, our long-term investment horizon, focus on consistent alpha generation, and careful consideration of risk are closely in line with institutional objectives and requirements. At the same time, we understand and share our institutional clients’ priorities and, in a deeper sense, their values. Like our institutional clients, we value transparency and sound corporate governance, and we believe in supporting our employees and their families through a balanced and positive work environment, while giving back to the communities in which we live and work. We strive to uphold these values in our own firm and on behalf of those we serve—our clients.
Every institution is different. At Matthews Asia, we aspire to become a trusted resource to our clients—deeply versed in each of their unique requirements and objectives—and an extension of their investment teams.
Our highly consultative client-service approach allows us to identify investment strategies best-suited to each client’s preferences and tolerances and to closely tailor solutions, based on analysis of their current exposures, liability profile and long term objectives. In some cases, this customization may take the form of modifying an existing Matthews Asia strategy to fit a specific portfolio requirement. In others, we may develop a completely new strategy in order to fill a portfolio void. In all instances, we work hard to keep our clients ahead of the pack, seeking uncommon returns by identifying overlooked prospects and new opportunities that may not yet have been embraced by the traditional investing public.
As a specialist in Asian investment, Matthews Asia focuses a wealth of resources on a single area of the world. As a result, we’re able to make a deep well of information and opinions available to our clients. Our commitment to service extends to include a range of informational and educational efforts that are exclusive to our clients—from providing customized studies on a particular Asian country or region, to offering insight on the region’s macroeconomic outlook, to assessing the impact of recent news stories or events, to answering board-level queries on Asia’s prospects, and more.
We partner with:
Our clients are at the heart of everything we do. That’s why we work to provide not just innovative, Asia-focused investment solutions that help them exceed their objectives, but also exceptional client service. Using a collaborative, consultative approach, we dedicate ourselves to understanding our clients’ goals and priorities, and to fulfilling their unique investment and servicing needs. We believe that this close and focused attention to our institutional client relationships allows us to develop a more comprehensive understanding of our clients’ needs today, and to establish a constructive, ongoing dialogue about those needs as they evolve.LET'S TALK
At Matthews Asia, our commitment to active, long-term investment extends to the communities around the globe in which we live and work. Through our corporate responsibility and philanthropic efforts, we strive to help our local communities reach their full potential.
We believe that an appreciation of sustainable and socially responsible business, health, and environmental practices begins in the office, with our own Matthews Asia community. Two of our formal committees illustrate that principle:
Matthews Asia Sustainability Committee
This committee promotes sustainable business and investment (including environmentally sustainable travel practices) throughout the Matthews Asia community, as well as health and wellness practices among our staff.
Matthews Asia Corporate Volunteer Committee
This committee promotes Matthews Asia’s “impact month,” which encourages employees to give to communities and causes in the Bay Area. Through this committee, we work together to make a difference through local organizations such as the Edith Witt Senior Community, Asian Community Garden, Bush Rec Center, Treasure Island Job Corp, and Richmond District Neighborhood Center.
Matthews Asia Charitable Giving Program
In 2016, we established the Matthews Asia Charitable Giving Program (the “Program”) to further expand our philanthropic work. The Program includes two major components: Grants from Matthews Asia to select partner organizations, and employer matching of individual employees’ charitable contributions.
Room to Read
At Matthews Asia, we believe that literacy is the cornerstone of all learning. Since 2013, we have supported Room to Read, a non-profit organization that seeks to transform the lives of millions of children in developing countries to reach their fullest potential by focusing on literacy and gender equality in education. Our contributions and partnership with Room to Read have supported school libraries and literacy efforts in Nepal, India, Sri Lanka and Bangladesh.
To learn more about Room to Read, visit www.roomtoread.org.
In addition to re-investing in healthy, vibrant communities through our philanthropic contributions, Matthews Asia has committed to incorporating environmental, social, and governance (ESG) considerations within the very fabric of our investment process.
In February 2016, Matthews Asia became a signatory to the UNPRI. By doing so, we committed ourselves to consider the investment implications of environmental, social, and governance (ESG) issues within our portfolio management and decision making processes, when appropriate and when consistent with our fiduciary duties. At Matthews Asia, we believe consideration of ESG issues is particularly relevant in Asia, where we find many of the world’s sustainability challenges—and potential solutions.
Since our founding in 1991, a cornerstone our investment process has been a focus on identifying companies that adhere to good corporate governance practices with respect for minority shareholders. The broader consideration of environmental and social issues into the investment approach is a natural evolution of that investment process.
To learn more about the UNPRI, visit: www.unpri.org.
Read about our Responsible Investment Approach.