Matthews, the US-based investment firm dedicated to Asia, has received approval to distribute its Luxembourg-domiciled UCITS umbrella fund, Matthews Asia Funds, to clients in Hong Kong.

The four sub-funds: Matthews Asia Dividend, Matthews Pacific Tiger, Matthews China and Matthews India Funds have been authorized by the Securities and Futures Commission of Hong Kong for distibution to local retail customers. 

The four will employ the same investment strategies as Matthews Asia's US-based Asia Dividend Fund, Pacific Tiger (Asia ex-Japan), China and India portfolios. They will also be managed by the same investment team, although the San Francisco headquarters will remain the single strategic location for investment decision making and portfolio management. 

The SFC approval is the latest step in Matthews' expansion strategy in the Asian region. Since its founding 1991, Matthews Asia has grown to have $17.8 billion in assets under management as of 31 March 2012.