In the third part of a special Big Question, fund managers reveal their outlooks for global inflation and how this is impacting their portfolios.
How have they performed?
Assets fallen by £40m
Morningstar has unveiled the winners of its annual 2015 UK Fund Awards, with First State and AXA IM among the groups winning accolades.
The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.
First State is planning to merge away Jonathan Asante's offshore Global Emerging Markets Select fund, saying it is "increasingly difficult" to run a concentrated large-cap EM portfolio.
'We are getting too big to back fund managers at launch'
‘I would like to see First State have greater success in fixed income in the UK’