We are pleased to confirm we have awarded the Matthews Asia Asia Smaller Companies fund a Positive Prospect rating. The fund previously had an A rating but this was suspended earlier in the year when its size fell due to investor redemptions. Since then we have been encouraged by the efforts of the group to improve the fund's assets. Whilst we would still like to see the investor base grow for its current size, in our opinion, the fund has plenty of attractive features. The strategy provides investors access to an attractive but under-researched universe through a fund that is well designed and has a long-term approach directed towards uncovering higher quality businesses with hardy business models.