First Sentier eyes 'remedial action' on poor value funds

The AoV, published today, found 20 of its 23 vehicles are offering value to investors, while action is required to rectify issues with the First Sentier Asian Property Securities, Diversified Growth and Emerging Market Bond funds. Taking into account each sub-fund and share class in the context of "synergies…that add long-term value", infrastructure, and "approach, values, investment philosophy and processes", the AoV graded funds on a red, amber and green rating system. First Sentier Asian Property Securities was the only fund to receive a ‘red' rating, meaning there are "value conce...