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.
First State's Susie Rippingall believes Hong Kong could experience an economic boom if interest rates remain low in the US.
First State's Asia Pacific and global emerging markets team, led by Angus Tulloch, says the China consumer demand story has been "flogged to death."
ON SPECIALIST MARKETS
Blue-chip stocks listed in the developed world could soon become a strategic part of emerging market portfolios, according to managers.
First State manager believes understanding assets is vital to performance in resources
First State has overhauled the £142m Pacific Assets Trust it recently took over from F&C, selling all but five of the existing stocks.
First State's Asia Pacific and global emerging markets team has raised concerns that loose monetary policy in OECD countries is threatening developing nations.