Loading…
Loading…
Two small IPOs and three SPACs debuted this week, as the US government shutdown finally came to an end. Five IPOs and four SPACs submitted initial filings. Three deals are on the calendar for the week ahead.
We initiate coverage on Matthews Pacific Tiger Active ETF (ASIA) with a Sell rating. Our concerns about the fund include its high investment team turnover, significant exposure to China, and poor long-term absolute and relative performance. In light of these concerns, we're hard-pressed to find a reason for performance to improve.
Matthews Asia has launched five new actively managed emerging market ETFs on the New York Stock Exchange. The firm's full suite of transparent active ETF strategies will be similar to its existing mutual funds.
SEC filings for ASIA aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.