News

There's nowhere to hide

13 DECEMBER 2011

Habib Subjally, Head of Global Equities at First State Investments, says in long term it has paid to invest at point of maximum pessimism.
Global Equities

19 DECEMBER 2011	Global Equities	Now it's all down to 'old fashioned' stock picking Habib Subjally discusses stockpicking approach in environment of low economic growth.
15 DECEMBER 2011	Global Resources	First State appoints Global Resources Portfolio Manager Tal Lominitzer joins Global Resources team as Portfolio Manager.
12 DECEMBER 2011	Global Equities	First State strengthens Global Equities team First State appoints two new sector investors for London-based Global Equity team; Julie Thomas and Ben Yeoh.
22 NOVEMBER 2011	Emerging Markets Debt	The quality of emerging markets debt will continue to improve as developed world faces further downgrades Whilst advanced economies’ credit ratings remain under pressure, investment case for emerging markets’ sovereign debt will continue to strengthen, according to Helene Williamson.
25 OCTOBER 2011	Emerging Markets Debt	First State launches Emerging Markets Bond Fund for UK and Europe New fund will be managed by Helene Williamson and newly established Emerging Markets Debt team at First State.
17 OCTOBER 2011	Emerging Markets Debt	First State completes new Emerging Markets Debt team Jan-Markus May and Manuel Cañas join First State as Senior Portfolio Managers; Philip Fielding appointed as Portfolio Manager.
10 OCTOBER 2011	General	Richard Wastcoat appointed First State's first non-executive director Mr Wastcoat responsible for ensuring effective governance and oversight of First State’s executive function.
3 OCTOBER 2011	Unlisted infrastructure	First State appoints fourth senior adviser on European unlisted infrastructure First State announces appointment of Michiel Boersma as Senior Adviser to European unlisted infrastructure investments team.
14 SEPTEMBER 2011	General	First State celebrates 10 years in UK and Europe Angus Tulloch, Joanne Warner and Marcus Ayre gave views on past and future of global emerging markets, global resources and unlisted infrastructure as group marked 10th anniversary of trading under First State brand in UK and Europe.
8 SEPTEMBER 2011	Unlisted infrastructure	First State builds on success in unlisted infrastructure with senior appointment Philippe Taillardat appointed co-head Infrastructure Investment Management Europe at First State together with Danny Latham and work alongside Niall Mills and Marcus Ayre.
2 SEPTEMBER 2011	Asia and Emerging Markets	First State moves to protect existing investors in Asia Pacific and Global Emerging Market equity funds First State has announced that, following significant fund inflows, it has decided to soft-close number of specialist strategies in order to protect interests of existing investors.
25 AUGUST 2011	Global Resources	First State strengthens Global Resources Team Mario Maia appointed Senior Analyst within group’s Global Resources team.
10 AUGUST 2011	Emerging Markets Debt	First State establishes Emerging Markets Debt team headed by Helene Williamson First State, which manages over £28bn through some of the best performing Asia Pacific and Global Emerging Market equity funds, sees strong investment prospects in emerging markets debt over next ten years.
26 JULY 2011	Emerging Markets	First State’s Asante cautious on concerns over full valuations, inflationary outlook and continued potentially excessive risk taking Jonathan Asante, manager of the £1.8bn First State Global Emerging Markets Leaders Fund, says that portfolio is positioned as defensively as it was a year ago, given the current market risks.
30 JUNE 2011	ESG	Greater emphasis on ESG issues to drive capital allocation and investment performance Following publication of ifourth annual Responsible Investment Report, First State says investors should put a greater emphasis on pricing ESG issues into investment decisions.
21 JUNE 2011	Australian Equities	First State Investments launches offshore Australian Growth Fund First State Investments announces the launch of First State Australian Growth Fund within offshore product range.
26 APRIL 2011	General	First State appoints Kanesh Lakhani to lead distribution across EMEA
19 APRIL 2011	Agribusiness	Volume growth requires more investment in food production
16 MARCH 2011	Unlisted Infrastructure	First State expands unlisted infrastructure investments team
03 FEBRUARY 2011	Property Securities	First State further strengthens capability in Global Property Securities
26 JANUARY 2011	Asia Pacific	Monetary response to rising inflation is key to short term market uncertainty in Asia
07 DECEMBER 2011	Property Securities	Property securities - a better option in a low liquidity market
30 NOVEMBER 2011	Global Resources	Long term investors do not need to bet on commodity prices
26 OCTOBER 2011	Listed Infrastructure	UK National Infrastructure Plan is a welcome development
26 SEPTEMBER 2011	Agribusiness	Agribusiness is emerging as a notable investment theme
07 MARCH 2011	Global Equities	First State strengthens Global Equities team

IMPORTANT INFORMATION
The information contained in or attached to this message is confidential. If the message is received by anyone other than the intended addressee(s), please return the message to sender and delete it along with any attachments. If you are not the intended recipient, any use, retention, disclosure or copying of the message or any attachments is unauthorised and strictly prohibited.

Any views or opinions presented are solely those of the author and do not necessarily represent those of First State Investments, the Commonwealth Bank of Australia or any of its other subsidiaries. None of these entities accepts responsibility for changes made to this message after it was sent, or any liability for any virus damage arising out of this message.

First State Investments is the trading name for the following companies which are authorised and regulated by the Financial Services Authority:
First State Investments (UK) Limited, registered office 3rd Floor, 30 Cannon Street, London, EC4M 6YQ. Registered in England & Wales with company number 2294743.
First State Investment Management (UK) Limited, registered office 23 St. Andrew Square, Edinburgh EH2 1BB. Registered in Scotland with company number SC47708.
First State Investments International Limited, registered office 23 St. Andrew Square, Edinburgh EH2 1BB. Registered in Scotland with company number SC79063.

The following company also carries on business within the First State Investments group:
First State Investment Services (UK) Limited, registered office 3rd Floor, 30 Cannon Street, London, EC4M 6YQ. Registered in England & Wales with company number 3904320.