The First State Worldwide Equity Fund will aim to provide long-term capital appreciation by investing in a diverse portfolio of up to 120 stocks domiciled in both developed and emerging markets.
Though the fund is benchmarked against the MSCI All Country World Index, its investment universe “will not be determined with reference to the index”, First State says.
Paul, joint managing partner of the Asia-Pacific & global emerging markets equity team at First State, and Asante, head of emerging markets at the firm, will be supported by other members of their team in managing the fund.
The fund is available to UK retail and institutional investors via an onshore ICVC.
