Emerging Markets

First State Investments has formally announced the soft closure of Jonathan Asante's £4bn GEM Leaders fund.

Aberdeen CEO Martin Gilbert has raised the prospect of closing the group's Asia Pacific equity funds in the near future after admitting it "cannot cope" with soaring inflows.

Fidelity has added a new product to its emerging market (EM) debt fund range, taking its total number of products to four.

Aberdeen Asset Management is to raise the initial charge on a number of emerging markets funds to 2% in order to stem inflows and avoid liquidity issues.

IMPROVED ECONOMIC DATA WILL DRAW IN INVESTORS

Strong inflows into Aberdeen Asset Management's emerging market debt range have helped drive a 3% rise in the group's AUM in the three months to 31 December 2012.

Fidelity's Anthony Bolton has predicted a turnaround in China next year as the economic cycle shifts in the country's favour.

ASIA

EMERGING MARKETS DEBT

Liontrust Asset Management has closed its Dublin-domiciled Emerging Markets Opportunities fund and fund managers Eoghan Flanagan and James Mellersh are set to leave the firm.