In NAV (net asset value) terms, in the one-year period ending in January, the Wells Fargo Asia Pacific Fund (WFAAX) came in eighth place among our nine.
The South Korean won depreciated against the US dollar on January 6, 2016. It came on the back of reports that North Korea may have conducted a nuclear bomb test.
The Matthews Korea Fund Investor Class generally invests at least 80% of its total assets in common and preferred stocks of companies from South Korea.
The Korean won continued to appreciate versus the US dollar on November 3, 2015. Inflation results released at the fastest pace in 11 months on recovery fostered by domestic consumption and industrial output.
The Korean won fell nearly 0.27% on August 31 on the back of weak economic data. A major fall was prevented since there was some positive bias due to strong retail sales data coming out at 1.9%.
