First State reopens Greater China Growth fund

The fund, which is managed by Martin Lau (pictured) and Sophia Li, was closed to new investors on January 2012 and a mandatory initial fee was imposed. This 4% initial fee will now be withdrawn from 25 February, due to outflows from the fund bringing assets down from £624m at the time of soft closure to £377m currently. The firm said it does not expect the charge to be introduced again in the short or medium term, but it will continue to monitor capacity. A statement from the firm said: "First State Investments is committed to prudently managing capacity across all investment strat...