This is a reminder to advisers that the First State have announced that as of the 1st January 2012 any investment into First State Asia Sustainability and First State Global Emerging Markets Sustainability will incur an initial charge of 4% of the amount invested for all investors.
This increase in initial charge is known as a soft close, because while it is not closed it deliberately makes the fund very expensive to buy compared to other investment funds, which effectively stops investors buying the fund. First State are soft closing a number of funds this year, including the Asia Pacific Sustainability and Global Emerging Markets Sustainability funds.
The following funds are being soft closed as of 1st January 2012:
Mark Hoskin is a Partner at Holden & Partners. Holden & Partners are Chartered Financial Planners who provide financial advice to high net worth clients, the majority of whom have a significant interest in ethical or environmental issues.
Mark Hoskin graduated with a History degree from Keble College, Oxford and went on to become a Chartered Accountant with Price Waterhouse. He cofounded Holden & Partners in 2003 and is a Certified Financial Planner and Chartered Financial Planner. Holden & Partners set up Worldwise Investor to help both advisers and investors understand quickly and easily how they can benefit from ethical and environmental investment in the UK market.
The value of ethical and green investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks of investing. Our aim is to provide you with the best information we can to help you make decisions about ethical and green investments. It is not to advise you on the suitability of an investment to your personal circumstances. Nothing written on the site should be considered personal advice, nor do Holden & Partners accept liability for any inaccurate information on the site. If you are unsure about the suitability of an ethical and green investment please contact Holden & Partners or your financial adviser.