First State to limit inflows to Tulloch's Asia Pacific Leaders

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.

In a conference call with investors this morning, Angus Tulloch, co-manager of Asia Pacific Leaders with Alistair Thompson, said the group was seeking to stem capacity. "We have always made a point of trying to not stretch capacity too far," Tulloch said this morning. The manager confirmed that Asia Pacific Leaders and the Global Emerging Markets Select fund will now be closed to new platform investment. "All our all-cap product strategies are now closed, and Leaders and our Select strategies are now closed to new platforms [...