EU beckons FSI

First State Investments has announced changes to personnel and policy that will see the asset manager step up its European expansion a notch or two ahead of the announcement of a new product believed to be on the way in the next couple of weeks. Initial business on the continent is coming through partnership deals in Austria and Germany that have resulted in "a great reception", the company says. Retail investors there are being offered access to a regular UK OEIC, which they can buy into in euros - the product is also priced in sterling for UK investors. Authorisation to ...