It is increasing the annual charge on its £877m Asia Pacific and £183m Greater China growth portfolios from 1.5 to 1.75 per cent.
The Asia Pacific fund, run by Angus Tulloch, has a big adviser following, having produced an annualised return of 15.54 per cent since launch in 1988 although it is now soft-closed.
The Greater China fund is managed by Martin Lau and Ho Hsiu Mei.
Hargreaves Lansdown senior adviser Ben Yearsley says: “I am disappointed. They are taking some £2.65m extra a year, knowing that because what they offer is fairly niche, people are unlikely to vote with their feet.”
First State is also increasing the AMC on the funds’ institutional share classes from 0.85 to 1 per cent from October 29.
Chief executive office Charlie Metcalfe says: “We feel it is appropriate charging a premium fee on high quality funds that have limited capacity.”