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.
Three of First State's Global Emerging Market equity funds are to be moved out of the IMA GEM Sector for failing to meet eligibility requirements.
First State has expanded its range of fixed income products with the launch of a global interest rates and currency fund.
First State Stewart manager Glen Finegan is to leave the firm at the end of his sabbatical, rather than return to manage money, Investment Week can reveal.
First State Investments' head of emerging markets debt Helene Williamson argues EM debt valuations have moved away from other fixed income markets, leaving it looking attractive.
Scotland's fund industry is lining up tax and legal specialists ahead of the independence referendum, as some predict continuing uncertainty whatever the result.
First State has expanded the First State Stewart team with the hire of Ashish Swarup.
Emerging markets took a tumble at the start of the year and worried investors pulled their money out of some of the largest emerging market equity funds in the UK market.
First State has lowered the annual management charge on five of its specialist funds from 0.85% to 0.75%.
First State has launched a local currency emerging market debt fund following the dramatic sell-off in the sector seen at the start of the year.