The Parnassus Asia Fund invests with high conviction in approximately 40 holdings.The Fund focuses on identifying companies with:
- Wide moats or strong competitive advantages that protect market share and profitability
- Relevancy over the long term, which provides a compounding growth component
- Quality management teams that will act in the best interest of shareholders
- Favorable three-year investment horizon
The Fund provides access to equity securities of Asian companies across the capitalization spectrum. Diversification across the Asian region can serve to mitigate impact from any single country's equity market fluctuations. The Fund takes environmental, social, and governance factors into account in making investment decisions.
The Fund's share price may change daily based on the value of its security holdings.
Stock markets can be volatile, and stock values fluctuate in response to the assets
levels of individual companies and in response to general domestic and international
market and economic conditions.
There are additional risks associated with foreign investments, such as increased
market volatility, a lower level of government oversight in emerging markets, risks
associated with focusing on a specific geographic region and exposure to fluctuations
in foreign currencies. In addition to large-cap companies, the Fund may invest in
small and/ or mid-cap companies, which can be more volatile than large-cap firms.
Security holdings in the Fund can vary significantly from broad market indexes.