News / November 30, 2020

Wasatch Launches Greater China Fund

Wasatch Global Investors announced today the launch of the Wasatch Greater China Fund (WAGCX/WGGCX). The Fund will invest in what Wasatch believes are promising companies located in the Greater China region (China, Hong Kong and Taiwan).

The Fund will invest in a select portfolio of 35 to 50 companies while offering diversification among sectors. To best capitalize on the depth of the offerings available within the Chinese market, the Wasatch Greater China Fund will be constructed as an all-cap portfolio, including small-, mid- and large-cap companies.

Dan Chace, Lead Portfolio Manager of the Fund, said, “In developing the Wasatch Greater China Fund, we have applied Wasatch’s classic fundamental, bottom-up investment discipline. We are primarily concerned with finding companies with outstanding quality and long-term growth potential. We believe China is an attractive, relatively inefficient market with excellent long-term investment opportunities.”

Since Wasatch’s founding, the firm has increasingly and successfully applied the same bottom-up approach across U.S. and international markets. In seeking to replicate this methodical and rigorous approach, Wasatch has prioritized expanding and strengthening the team charged with the Fund’s research effort. The firm is pleased to count two native Mandarin speakers among Associate Portfolio Managers of the Fund.

                                                      Fund Inception Date: November 30, 2020                                       
Fund Name Share Classes Portfolio Management
Wasatch Greater China Fund Investor – WAGCX

Institutional – WGGCX

 

Dan Chace, CFA, Lead Portfolio Manager

Allison He, CFA, Associate Portfolio Manager

Kai Pan, Ph.D., Associate Portfolio Manager

Kevin Unger, CFA, Associate Portfolio Manager

Pedro Huerta, CFA, Associate Portfolio Manager

 


Risks

Mutual Fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. The Fund is subject to risks associated with investments in China and countries in the greater China region that could affect the value of your investment in the Fund, including government control over currencies, economic conditions, industries and specific issuers, as well as continued strained international relations, uncertainty regarding taxes, and limits on credible corporate governance and accounting standards. Because of its exposure to greater China, including Mainland China and China’s special administrative regions, such as Hong Kong, the Fund is subject to greater risk of loss as a result of volatile securities markets, adverse exchange rates and social, political, military, regulatory, economic or environmental developments, or natural disasters that may occur in the China region. The imposition of tariffs or other trade barriers by the U.S. or foreign governments on exports from China may also have an adverse impact on Chinese issuers.  The Fund may invest in the securities of Chinese issuers through the China Stock Connect programs. Trading through the Stock Connect Programs is currently subject to a daily quota, which limits the maximum net purchases by all purchasers using the Stock Connect Programs each day. While the daily quotas are relatively large, there is the possibility that the quotas could be reduced or exceeded, meaning buy orders for China A-shares would be rejected, affecting the Fund’s ability to efficiently execute on its investment strategy. The investment objective of the Fund is long-term growth of capital. The Fund is new and has a limited operating history.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700.  Please read it carefully before investing.

Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). ADI is not affiliated with Wasatch Global Investors.

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