Two funds have been added to
First State's offshore range for institutional investors, with a promise that retail share classes will be issued later this year.
The First State Asia Pacific Select fund will be managed by
Alistair Thompson, and will focus on a portfolio of larger companies, benchmarked against the MSCI AC Asia Pacific ex Japan index.
The First State Global Emerging Markets Select fund will be managed by Jonathan Asante, using a similar bottom up big cap stockpicking approach, but which will be benchmarked against the MSCI Emerging Markets index.
Both funds will be dollar denominated and domiciled in Ireland, with UK distributor status.