First State moves on new offshore rules

The new regime allows providers to apply for UK distributor status annually on a sub-fund or share class basis, opening the way for onshore investors to tap into existing offshore vehicles. On offer are the First State Asian Growth, Greater China Growth and China Growth funds, managed respectively by Alistair Thompson and Martin Lau. Applying for particular distributor status for each fund is a key change for providers, however, the suitability of each such status it still depends on the tax status of each individual investor, the provider says. Documents provided by First State in...