First State steps up efforts to halt flows into Tulloch's Asia Pacific Leaders

First State Investments is stepping up efforts to stop flows into Angus Tulloch's £7.4bn Asia Pacific Leaders fund.

Investment Week understands First State has stopped actively marketing the fund and has begun asking wealth managers not to make large scale investments in the product. Sources suggest First State is weighing up officially soft-closing the fund in the coming months after Tulloch expressed concerns over the strong levels of flows coming into the fund. Last July in a conference call with investors, Tulloch, who manages Asia Pacific Leaders with Alistair Thompson, said the group was seeking to stem capacity by closing the fund to new platforms. However, despite being closed to new pla...