Pacific funds specifically target companies in and around the western edge of the pacific ocean. They have a particular focus on Asian markets (particularly Japan) but may also include stocks in Australia and New Zealand.
Some investors like investing in specific regions based on global economic trends. Setting aside the value of future predictions, it’s easy to see that Pacific stocks are reasonably uncorrelated to the US stock market and perhaps could be a good diversification option in the right portfolio.
- 1970-1990: MSCI Pacific NR USD, P
- 1991+: Vanguard Pacific Stock Index (VPACX), P