Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Matthews Asia Pacific Equity Income (MAPIX) is my top no-load fund pick for 2009," says leading mutual fund expert Mark Salzinger.
In his The No-Load Fund Investor, the advisor explains, "Though most investors do not associate Pacific-Rim investments with high-dividend yields, this $80-million fund could change their perception.
"Matthews Asia Pacific Equity Income was recently offering investors a dividend yield of approximately 5%.
"Managers Jesper Madsen and Andrew Foster seek to fill this fund with dividend-paying stocks of companies throughout the Asia-Pacific region, including Japan, China/Hong Kong, Taiwan and recently at least eight other Asian countries.
"Though dividends have not protected investors in American stocks from the carnage so far in 2008, they appear to have reduced losses for investors in Asian equities.
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