First State soft-closes global emerging market focus OEIC
Asset manager First State Investments has soft-closed its First State Global Emerging Market Focus fund, part of its OEIC range, since 28 September 2017.
The manager is applying an initial charge of 4% on new subscriptions to its UK-domiciled fund since then.
The First State Global Emerging Market Focus fund invests primarily in large and mid-cap securities in emerging economies, including those of companies listed on developed market exchanges whose activities predominantly take place in emerging market countries.
As of 30 September 2017, First State Investments had £127.5bn (€142.1bn) of assets under management.