The firm’s China A-Shares Fund, Global Listed Infrastructure Fund and Sustainable Listed Infrastructure Fund were registered on 6 September, Monetary Authority of Singapore (MAS), records show.
The three products are in recognition pending process, according to MAS records. Once approved, they will be available to retail investors in Singapore.
The China A-Shares fund is a Dublin-domiciled Ucits version of a China A-share strategy that was launched in Europe in 2009.
First State Stewart Asia has assets under management of $533m in its China A-shares strategies, according to a statement from the firm.
The fund was perhaps timed for launch as A-shares are in the process of being included on MSCI, FTSE and S&P indices, which should drive foreign capital inflows.
The fund will be managed from Hong Kong by portfolio manager Quanqiang Xian, together with the wider First State Stewart Asia investment team.
“With the launch of this new fund, we remain focused on investing in companies with good governance and proven capabilities, as well as looking for evidence of increasing ESG standards and rising cash flows,” Xian said in the statement.
“We believe that such companies should provide satisfactory financial returns at lower volatilities for investors over the medium to long term,” he added.
The Global Listed Infrastructure Fund has been available for sale to accredited investors in Singapore and is also authorised by Hong Kong’s Securities and Futures Commission, according to FE data.
The Sustainable Listed Infrastructure Fund is new to both the Hong Kong and Singapore markets.
FSA contacted the firm for further details but it was unable to comment.
First State Global Listed Infrastructure Fund vs category average and benchmark
