Morningstar downgrades $2.8bn Matthews Asia Dividend fund on strategy shift
Morningstar has downgraded its analyst rating of the Matthews Asia Dividend fund to Bronze for ‘relaxing its adherence to its own objectives’ and having some personnel turnover, Citywire USA reports. The fund’s two share classes were previously rated Gold and Silver, depending on expenses. Morningstar analysts Robby Greengold and Chiayi…
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