First Sentier eyes 'remedial action' on poor value funds

'Red rating' for Asian Property Securities fund

Mike Sheen
clock • 2 min read

First Sentier Investors, formerly known at First State, is "considering the necessary remedial action" for its funds that demonstrated value failures in the firm’s first Assessment of Value (AoV) report.

The AoV, published today, found 20 of its 23 vehicles are offering value to investors, while action is required to rectify issues with the First Sentier Asian Property Securities, Diversified Growth and Emerging Market Bond funds. Taking into account each sub-fund and share class in the context of "synergies…that add long-term value", infrastructure, and "approach, values, investment philosophy and processes", the AoV graded funds on a red, amber and green rating system. First Sentier Asian Property Securities was the only fund to receive a ‘red' rating, meaning there are "value conce...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why are so many active fund managers underperforming?

Why are so many active fund managers underperforming?

US tech stocks have dominated market performance for a long time

Laith Khalaf
clock 29 January 2025 • 5 min read
Diversification: The case for looking further afield in 2025

Diversification: The case for looking further afield in 2025

'The best gains of all could come from casting the investment net far and wide'

Sheldon MacDonald
clock 28 January 2025 • 4 min read
RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

Total of approximately 6,600 claimants

Cristian Angeloni
clock 27 January 2025 • 2 min read