Global asset manager
First State Investments is a global asset management business covering a range of asset classes and investment sectors.
The business first started in Australia in 1988. It has since grown into a large-scale asset manager, with an 800-strong team across 11 offices including Asia, Australia, Europe and North America. Since 2000, it has been part of the Commonwealth Bank of Australia.
As of 31 December 2017, First State Investments has $171bn in AUM. Today, it has 17 teams operating across Equities, Fixed Income, Alternatives and Multi-Asset, including Stewart Investors, a pioneer in emerging market equities and sustainable investing, and First State Stewart Asia, our leading Asian equities investor.
First State Stewart, the GEM, Asia Pacific and global equity arm of First State Investments, is to split in two and rebrand in a bid to cope with "the burden of scale", Investment Week can reveal.
Can Hermes challenge First State and Aberdeen?
Tilney Bestinvest has named nine funds that have consistently earned its top fund rating over the past five years.
Accessing three ‘closed’ strategies via investment trusts
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.
Aubrey Capital Management will expand its fund range with the launch of an emerging market consumer fund in January.
The disparate performance of Pacific funds
The protests taking place in Hong Kong may eventually provide a rare opportunity to access quality Asia-Pacific companies on the cheap, according to First State Stewart.
Giles Hargreave has been ranked number one in a report by Tilney Bestinvest looking to identify the top 100 equity fund managers in the UK.
Three of First State's Global Emerging Market equity funds are to be moved out of the IMA GEM Sector for failing to meet eligibility requirements.
First State has expanded its range of fixed income products with the launch of a global interest rates and currency fund.
First State Stewart manager Glen Finegan is to leave the firm at the end of his sabbatical, rather than return to manage money, Investment Week can reveal.
First State Investments' head of emerging markets debt Helene Williamson argues EM debt valuations have moved away from other fixed income markets, leaving it looking attractive.
Scotland's fund industry is lining up tax and legal specialists ahead of the independence referendum, as some predict continuing uncertainty whatever the result.
First State has expanded the First State Stewart team with the hire of Ashish Swarup.
Emerging markets took a tumble at the start of the year and worried investors pulled their money out of some of the largest emerging market equity funds in the UK market.
First State has lowered the annual management charge on five of its specialist funds from 0.85% to 0.75%.
First State has launched a local currency emerging market debt fund following the dramatic sell-off in the sector seen at the start of the year.
Hargreaves Lansdown has flagged up five key investment themes to benefit from the announcements made in yesterday's Autumn Statement.
Emerging market equity manager Glen Finegan is to take a year out from his role at First State as of November.
Broadly speaking, the investment story of 2013 so far has been one of soaring developed world equity markets but slumping bond returns. But how has that translated in terms of fund flows in the UK?
Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.