First State Investments

INFRASTRUCTURE

First State Investments is to launch a local currency emerging market debt fund to sit alongside its existing hard currency OEIC.

First State Investments has launched a Global Credit Income fund for the UK market, targeting wealth managers and discretionary investors.

2012 was a mixed year for markets, with developed market equities recovering from a summer sell-off to make marginal gains, while some segments of the property and bond markets outperformed.

This week, managers explain which moves have helped their performance in 2012.

Marco van Bussel, co-manager of the top performing First State Global Property Securities fund, has left the firm.

First State has reshuffled the co-manager line-up on its £815m Asia Pacific and £510m Greater China Growth funds.

Fund managers including Richard Pease, Harry Nimmo, Richard Buxton and rising star Philip Rodrigs were awarded the top Honours at the fifth Morningstar OBSR Awards last night.

First State Investments' head of property securities Andrew Nicholas has left the group to pursue a new opportunity in the industry.

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.