First State to soft-close Lau and Asante funds

First State is to soft-close Martin Lau's Greater China Growth fund as well as four other emerging markets offerings.

The group said it had taken the decision to soft-close the £624m Greater China Growth fund - one of the top performing China funds in the marketplace - as well as a range of other offerings. The group has also soft closed the First State Asia Pacific Sustainability, First State Indian Subcontinent, First State Global Emerging Markets Sustainability, and First State Latin America fund, run by Jonathan Asante. Gary Withers, regional managing director for EMEA at First State, said: ‘Over the past couple of years, inflows into our specialist Asia Pacific and Global Emerging Market (GEM) f...