Govett replaces emerging markets fund

AIB Govett is to launch a Guernsey offshore closed end fund called the Asian Income & Growth (Gaig) ...

AIB Govett is to launch a Guernsey offshore closed end fund called the Asian Income & Growth (Gaig) as a roll-up vehicle for shareholders following the wind-up of its Emerging Markets investment trust in July 2001. The restructuring comes in advance of the wind-up date of the Emerging Markets fund, following the withdrawal of two of its major shareholders. Shareholders in the old trust have until 23 March to decide whether or not to take up the share offer or take the cash option. Dealings in Gaig will commence on 9 April 2001. The investment objectives of Gaig are to provide sharehol...