First Sentier Investors calls time on Asian property securities fund

Due to shrinking AUM

First Sentier Investors is closing its Asian Property Securities fund on 24 January 2023 due to shrinking assets.

The value of assets held in the fund has now fallen below a level at which it is financially viable to continue its management, the firm said in a shareholder notice on 23 November. As of 31 October 2022, the fund's net assets were around £5m. "First Sentier Investors take seriously our responsibility to ensure the investment products it offers remain relevant to investors' needs and competitive within the marketplace," said director Terry Yodaiken. "With the substantial expenses involved in managing this Fund, with such a low level of current assets, it is economically unsustainable ...