Many of its recent actions deemphasize its Asia specialty and emphasize its EM/global reach.
One of the many things that Matthews has done in recent years that I don't care for. I maintain positions in two funds, but not adding (even as they have both performed extremely well).
I don't understand why they want to risk diluting their successful brand. There are hundreds of competing EM funds, but Matthews is the only "Asian fund" specialist that I know of, and with a few exceptions they have been quite successful at it.