Matthews Japan Fund Comments on Tokio Marine Holdings

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Jul 30, 2020

Property, casualty, and life insurance company Tokio Marine Holdings (TSE:8766, Financial) detracted from performance. Amid widening credit spreads, the firm announced no buybacks in the most recent fiscal year results. However, we continue to find the company's long-term prospects attractive. We believe the company is well run and growing globally with solid bolt-on acquisitions.

From the Matthews Japan Fund (Trades, Portfolio)'s second-quarter 2020 commentary.