First State launches offshore Asia Pacific and GEM funds

The First State Asia Pacific Select and Global Emerging Markets Select funds will be domiciled in Ireland and run by the same highly-regarded team behind the onshore versions. Although both funds will initially only be available to institutional investors, the introduction of a retail share class is planned for later this year. Managed by Alistair Thompson, the Asia Pacific Select fund will be a focused portfolio of larger companies. It will use the MSCI AC Asia Pacific ex Japan index as a benchmark. Jonathan Asante will run the Global Emerging Markets Select fund, which will have the...