First State to launch two funds for UK and Europe

First State Investments is to make its Global Resources and Greater China funds available to UK and European investors. Phil Jefferson, head of retail sales at First State, said the new funds would likely come under the UK listed Oeic, although a Dublin listing is also being investigated. Launches will likely take place in the autumn and the funds will be targeted at the intermediary market. Minimum investment will be £1,000 and standard commission applies. The portfolios will be mirror image versions of funds already in existence through First State's Australian parent. The Glo...