First State's Turpin warns on 'illiquid' frontier markets

‘I would like to see First State have greater success in fixed income in the UK’

First State Investments' Chris Turpin talks to Laura Dew about soft-closures, succession planning, forays into fixed income, and why retail investors should avoid frontier markets.

The group runs £31bn in AUM through First State Stewart and £95bn globally, and boasts several of the top-performing funds in the IMA sectors. However, First State Investments remains a rather publicity-shy company. It prefers to divest time and money developing its funds rather than actively promoting the firm, and has minimal sponsorship deals. In an exclusive interview with Investment Week, Chris Turpin, EMEA regional managing director, explains how this approach works for the group. First State Stewart While First State Investments is a huge company with offices worldwide, a sig...