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.
Architas' Caspar Rock has restructured the Asian equities portion of his £64m Multi-Manager Growth fund to smooth returns.
First State's global resources team says analysts are significantly underestimating earnings for the sector.
CHIEF EXECUTIVE INTERVIEW
First State's head of global resources David Whitten is leaving to take a career break after 13 years at the group.
First State has launched an onshore version of its Global Agribusiness fund, managed from Australia by global resources specialists Renzo Casarotto and Skye Macpherson.
First State Investments has added a Global Agribusiness fund to its Dublin-domiciled range.
First State's Peter Meany believes utility stocks are beginning to look attractive again, following months of underperformance.