First State Investments
Global asset manager
First State Investments is a global asset management business covering a range of asset classes and investment sectors.
The business first started in Australia in 1988. It has since grown into a large-scale asset manager, with an 800-strong team across 11 offices including Asia, Australia, Europe and North America. Since 2000, it has been part of the Commonwealth Bank of Australia.
As of 31 December 2017, First State Investments has $171bn in AUM. Today, it has 17 teams operating across Equities, Fixed Income, Alternatives and Multi-Asset, including Stewart Investors, a pioneer in emerging market equities and sustainable investing, and First State Stewart Asia, our leading Asian equities investor.
Emerging markets
First State Investments has made a move into the onshore fixed income space with the launch of a London-based emerging markets team, led by ex-F&C manager Helene Williamson.
10 August 2011
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Investment
First State Investments' Jonathan Asante and Aberdeen's head of global emerging markets Devan Kaloo have clashed over the growth prospects for GEM banks.
27 July 2011
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Property
Property fund managers are flocking to the central London office market in the expectation the capital will outperform other regions, as the UK property sector's recovery since the financial crisis begins to stabilise.
25 July 2011
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Asia
Andrew Nicholas, manager of First State's £60m Global Property Securities fund, has moved overweight Japan, following the earthquake and tsunami in March.
04 July 2011
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Investment
First State has launched an offshore Australian Growth fund focusing on large-cap companies, headed up by Naz Ressas.
21 June 2011
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Investment
First State has launched a Worldwide Equity fund for the group's Asian and global emerging markets team, to be co-managed by Jonathan Asante and Stuart Paul.
07 June 2011
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Global
First State's Renzo Casarotto says equity returns from agricultural stocks over the long term should compensate for volatility in the sector.
17 May 2011
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Commodities
Renzo Cassarotto and Skye Macpherson, managers of the First State Global Agribusiness fund, talk about their top pick
14 March 2011
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Global
Soaring stock market performance in Latin America makes it hard to find quality companies at reasonable valuations, especially in Brazil, according to First State's Millar Mathieson.
04 March 2011
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