It looks like our favorite investment advisors and forecasters are allÂ launching managed funds, as we saw with Harry Dent’s new ETF, launched yesterday. This morning, Peter Schiff, President of Euro Pacific Capital, launched a new Mutual Fund called the EPH China Fund (EPHCX).
From Peter Schiff:
As most of you know, I feel that the most promising economic growth is taking place in China. With its focus on savings, production, and investment, the Chinese are getting right so many of the things that we are getting wrong. As a result, I have come to believe that Americans must invest more in China if they hope to be part of the global economic expansion.
But for many investors, especially those with limited funds to contribute, it’s not easy building a balanced portfolio of China-focused stocks. To provide a simpler pathway to make these investments, Euro Pacific has combined forces with Halter Financial Investments L.P., a consultancy and money manager with operations in the U.S. and China, to launch the EPH China Fund, a mutual fund designed to give investors access to companies doing business in China. This is the first mutual fund that bears our name, and I have high hopes for it.
The fund will be benchmarked against the MCSI China Index but will adhere to my preference for value-oriented, dividend-paying stocks. Unlike many of the popular U.S.-listed Chinese ETFs, which are heavily concentrated in the financial sector, this fund is a broadly diversified portfolio focused on identifying those sectors and companies that we believe will lead when China finally focuses more intently on its domestic consumers.
Great news for investors who follow Mr. Schiff, like China, but don’t know exactly how to invest. Now, you can just invest a portion of your portfolio into the EPH China Fund and let Mr. Schiff’s team manage it for you!