First State to launch mid-cap fund

First State Investments is launching the First State British Mid-cap Fund, to be run by Derek Lygo, and rebranding its existing UK funds on Monday 11th February. A total of four "British" funds will be available, covering the three capitalization sectors and British Opportunities sector, however, First State's new fund, the British mid-cap fund, is offering a discount to clients until the Isa season ends on April 5. Registered as an OEIC, the 'A' shares are offered to clients at a discounted initial charge of 3.5% on all investments over £5,000, against a usual rate of 4%. The fun...