Products December 1, 2010

Matthews Asia Offers Institutional Share Class

Matthews International Capital Management, LLC (Matthews), adviser to the Matthews Asia Funds, has introduced an Institutional share class for nine of the Matthews Asia Funds.
Reported by

The new share class became available on October 29, 2010, and is for investors with $3 million or more to invest. The Institutional class will carry a lower expense structure than the funds’ Investor class.  

According to a press release, Matthews Asia Funds Institutional Share Class is available for the following Funds: 

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  • Matthews Asian Growth and Income Fund (MICSX), 
  • Matthews Asia Dividend Fund (MIPIX), 
  • Matthews China Dividend Fund (MICDX), 
  • Matthews Asia Pacific Fund (MIAPX), 
  • Matthews Pacific Tiger Fund (MIPTX), 
  • Matthews China Fund (MICFX), 
  • Matthews India Fund (MIDNX), 
  • Matthews Japan Fund (MIJFX), and 
  • Matthews Korea Fund (MIKOX). 

 

Compliance December 1, 2010

President's Panel Recommends Increasing Retirement Age

A report by President Obama’s fiscal commission, released today, recommends a higher retirement age and cutting back tax-free treatment of employer-paid health insurance.
Reported by

A Washington Post news story said the final report from the National Commission on Fiscal Responsibility and Reform, like a draft version, recommends reducing deficits by nearly $4 trillion by the end of the decade, in large part by slashing domestic and military spending.   

Future retirees would face significant sacrifices under the panel’s recommendations, including higher Medicare premiums and a retirement age that would rise to 69 by 2075, the Post said. The early retirement age would rise from 62 to 64.

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The report contains strengthened protections for workers in physically demanding jobs who might find it difficult to delay retirement, recommending that the Social Security Administration be directed to develop a hardship exemption.

The commission’s final report is here.

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