Why Are We Seeing Red Flags for the Parnassus Asia Fund?
From a purely net asset value return standpoint, Parnassus Asia Fund Investor Shares (PAFSX) was firmly at the bottom of its peer group both for the one-year period ending March 31, 2016, and for 1Q16.
Performance Breakdown of the Parnassus Asia Fund (PAFSX)
In NAV (net asset value) terms, in the one-year period ending January 2016, the Parnassus Asia Fund (PAFSX) was the worst-performing fund among our nine.
Your Introductory Rundown of the Parnassus Asia Fund (PAFSX)
The Parnassus Asia Fund’s (PAFSX) documents define it as a multi-cap fund that invests in well-established companies “domiciled or headquartered in Asia.”