First State Investments
First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
Three themes to consider for multi-asset positioning
Andrew Harman, senior portfolio manager at First State Investments, believes strength in emerging market equities, rising inflation and low high-yield spreads will influence the firm’s multi-asset portfolio positioning in the year ahead.
Morningstar downgrades First State Global Resources funds
Morningstar has downgraded two of First State’s Global Resources funds from silver to neutral after the departure of two key personnel.
PA ANALYSIS: Managers under pressure as SJP gets tough on Asian and GEM mandates
First State Stewart and Aberdeen have long been the big names to trust in Asian and emerging market investing but wealth managers have a valid case for replacing them in portfolios.