First State Investments is to transfer EU investor assets in its UK OEIC funds into its Irish-domiciled fund range instead, as it also sets up a management company in Dublin.
Euro-class shares of 18 funds will be exchanged for equivalents in UCITS-compliant funds run by the same managers in the firm's Irish-domiciled fund range. Funds affected include the £440m First State Greater China Growth, £411m Asia Focus and £78m Emerging Markets Bond. Stewart Investors funds are also included in this change such as the £2.3bn Global Emerging Markets Leaders, £7.9bn Asia Pacific Leaders and £402m Global Emerging Markets Sustainability funds. Affected investors will be notified of the fund changes this October and formal notification of the exchange of fund share...
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