First State is to soft-close Martin Lau's Greater China Growth fund as well as four other emerging markets offerings.
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes