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.
Hargreaves Lansdown has flagged up five key investment themes to benefit from the announcements made in yesterday's Autumn Statement.
Emerging market equity manager Glen Finegan is to take a year out from his role at First State as of November.
Broadly speaking, the investment story of 2013 so far has been one of soaring developed world equity markets but slumping bond returns. But how has that translated in terms of fund flows in the UK?
Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.
Chris Crawford, sales and marketing director at Jupiter, is to depart after seven years at the fund manager.
Emerging markets have had a torrid summer, as the threat of a slowdown in China and the possibility of QE tapering in the US weighed heavy on investor sentiment.
We are not even halfway through the year but already one of the big themes emerging for 2013 is the sheer number of prominent funds which have been soft-closed owing to capacity constraints.
First State Investments has formally announced the soft-closure of Jonathan Asante's £4bn GEM Leaders fund.