First State adds income share class to Tulloch funds

First State has introduced a new income share class to its £3.03bn Asia Pacific Leaders and £767m Asia Pacific funds.

First State says it added the new class in response to client demand, following the recent decline in UK interest rates. Investors will receive income on a semi-annual basis. The First State Asia Pacific Leaders fund, launched in late 2003, is managed by Angus Tulloch and Alistair Thompson. Since inception, the fund has returned 166.2%, against a 122.8% and 125.3% rise for the peer group and benchmark respectively, according to Lipper. Launched over two decades ago, the First State Asia Pacific fund, managed by Tulloch and Martin Lau, has produced a 15.1% annualised return over the la...