First State Investments select funds added to offshore range

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First State Investments select funds added to offshore range

Mon 15th Mar 2010

Gary Withers, regional managing director Europea, the Middle East and Africa, claimed this new development was a "logical step" for the asset management company and will help to control the over-capacity in its current funds.

He added it would also allow First State Investments to "respond to client demand for additional choice and flexibility when investing in the Asia Pacific and emerging markets".

Both funds will be based in Ireland and operate as alternatives to the existing Asia Pacific Leaders and Global Emerging Markets Leaders investment strategies, which will overlap until a retail share class is implemented later this year.

First State won the best specialist equity fund house award for strong performing funds in a risk-adjusted category at the Morningstar UK Fund awards this month in the quantitative group.

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