First State Asia Pacific Leaders - Upgrade
By MARCEL PORCHERON 01/08/2007
First State originally launched the Leaders funds in December 2003 to gather new assets when they closed their existing Asia Pacific and Global Emerging Markets funds. As assets under management grew they retained some exposure to smaller companies in the original core mandates, whilst the Leaders funds focused on stocks with a larger minimum market cap. As a result the larger company weight is much higher in the Asia Pacific Leaders fund than for the Asia Pacific Fund, but Angus Tulloch and team have demonstrated the ability to add value in the larger cap mandate. As a result we have increased our rating of the Leaders fund to 4 stars.
Market latest
|
Index
|
Points
|
+/-
|
| FTSE 100 |
5338.38 |
1.24%
|
| FTSE 250 |
10593.00 |
0.77%
|
| FTSE All Share |
2776.65 |
1.17%
|
| FTSE Euro 100 |
2025.68 |
1.17%
|
| S&P 500 |
1314.49 |
0.78%
|
| Nasdaq |
2841.98 |
1.12%
|
| Hang Seng |
19200.93 |
0.31%
|
| Nikkei 225 |
8876.59 |
0.86%
|
Values delayed by at least 15 minutes.
Source: Financial Express