First State soft-closes Asante's GEM Leaders

In a letter to investors, seen by Investment Week, First State said from September a 4% initial charge will be applied in order to dissuade new investors from buying the fund.  "First State Investments has announced that, following significant fund inflows, it has decided to soft-close the First State Global Emerging Markets Leaders fund in order to protect the interests of existing investors. "From 7 September 2013 the full initial charge of 4% of the value of your purchase will be charged on all purchases in the fund." Early this year, Investment Week revealed First State Stewart...