Parnassus Investments launches Asia fund
Parnassus Investments has launched an international equity strategy focusing on the Asia-Pacific region.
The Parnassus Asia Fund (PAFSX) aims to provide investors with unique responsible investment options for capital appreciation through stocks of companies located in Asia, including Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam.
Jerome Dodson (pictured), president of Parnassus Investments and portfolio manager of the Asia Fund, says: “Asian economies are among the most prosperous and innovative, and the Parnassus Asia Fund will offer its shareholders an opportunity to invest in that part of the world.”
The Parnassus Asia Fund is a no-load fund. The fund will be benchmarked versus the MSCI AC Asia Pacific Index. This fund will be the seventh fund in the Parnassus Funds family line-up, which includes: Parnassus Equity Income Fund, Parnassus Mid-Cap Fund, Parnassus Small-Cap Fund, Parnassus Fund, Parnassus Workplace Fund and Parnassus Fixed-Income Fund.
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