First State to soft-close Lau and Asante funds

The group said it had taken the decision to soft-close the £624m Greater China Growth fund - one of the top performing China funds in the marketplace - as well as a range of other offerings. It will also soft-close the First State Asia Pacific Sustainability, First State Indian Subcontinent, First State Global Emerging Markets Sustainability, and First State Latin America fund, run by Jonathan Asante. The soft-closures will kick-in from January next year, which means the initial charge on the funds listed will be compulsory at 4%. Regular savers, who maintain the level of their existi...