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First State to offer Indian subcontinent fund onshore

First State is set to commence the offer period for the First State Indian subcontinent fund on November 1.

The fund will be a sub fund of the First State ICVC (UK registered Oeic) and will be managed by First State senior portfolio manager, Asia Pacific ex-Japan equities, Vijay Tohani.

The fund is an extension of the group’s existing Indian subcontinent investment offer available through the Irish Variable Capital Company structure (VCC) and will be managed as part of the investment range of the Asia Pacific ex-Japan and global emerging markets investment team.

The Indian subcontinent find will offer a diversified portfolio including India, Pakistan, Sri Lanka and Bangladesh.

Tohani says: “India has experienced rapid economic growth in recent times. With continuing trends such as positive demographics, increased consumption, urbanisationand investment in infrastructure India represents and exciting long term investment opportunity.”

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