INVESCO Asian fund plan

INVESCO's decision to launch an Asian closed-end fund and then open end it after a year is primarily to ensure a smooth first year and to enable expansion of the vehicle in later years. INVESCO Asianet was launched last week and is domiciled in Dublin, but will be listed on the London Stock Exchange. The minimum investment is $5,000, or £3,100, and the annual management fee is 1.25%. The offer closes on 10 April and the target fund size is $150m One of the main reasons that the vehicle will be initially closed ended is to allow the portfolio to be fully invested, according to Graeme Proud...