Matthews Asia Innovators Fund (MATFX) is a mutual fund managed by Matthews Asia that seeks long-term capital appreciation through investments in common and preferred stocks of innovative companies located in Asia. The fund normally invests at least 80% of its net assets in equities of firms demonstrating innovation in products, services, processes, business models, management, technology use, or market creation and expansion strategies; it employs a high-conviction, concentrated, all-cap fundamental approach targeting sectors such as internet, e-commerce, software, health care, consumer discretionary, education, and manufacturing up the value chain. Investor Class shares carry an expense ratio of 1.18% and a minimum initial investment of $2,500, with geographic focus spanning Asia ex Japan, including emerging and frontier markets.
Launched in December 1999 and headquartered in San Francisco, California, the fund operates within the Asia Growth segment of Matthews Asia, a boutique investment firm celebrating its 25th anniversary in 2024 with expertise in Asian and emerging market equities. Matthews Asia, the fund's manager, targets institutional and retail investors seeking exposure to Asia's evolving economy driven by rising disposable incomes, entrepreneurship, and shifts from copycat production to market-leading disruptions.
In a significant recent development, the fund was renamed from Matthews Asia Science and Technology Fund to Matthews Asia Innovators Fund to better reflect its broadened strategy amid Asia's innovative growth across diverse sectors. On December 15, 2025, Matthews Asia appointed Tiffany Hsiao as Portfolio Manager for the Matthews Asia Innovators Fund alongside the Matthews China Small Companies strategy, with Michael J. Oh, CFA, continuing as lead manager. These changes underscore the firm's commitment to evolving its investment process for long-term opportunities in Asia's new economy.