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Matthews to Re-Open Two Regional Asia Funds

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The Matthews Asian Funds said it will re-open two of its no-load mutual funds to new investors on September 2, with Andrew Foster, Matthews’ acting CIO, saying in a statement that since the closing of the funds, “the subsequent deepening of Asia’s capital markets” present “new opportunities for investment, particularly as valuations have declined, despite an environment of ongoing growth.”

The two funds, both of which were originally launched in 1994, that are reopening are the Matthews Asian Growth and Income Fund (MACSX), which was closed on November 28, 2003, is managed by Foster and G. Paul Matthews, and had $2 billion in assets as of June 30, 2008, and the Matthews Pacific Tiger Fund (MAPTX), which was closed on June 7, 2006, and had $2.8 billion in fund assets as of June 30.