First State Global Resources Fund

Why Global Resources?

Rapid urbanisation and industrialisation, better infrastructure and growing consumption in emerging markets such as China, Brazil, India, Indonesia and Russia, have driven strong demand for global resources over the past decade and should continue to provide strong demand for raw materials.

The World Bank estimates that the global middle class will increase by 700 million from 2000 to 2030, and nearly 350 million will be from China. This will drive demand for cars, infrastructure, housing and household appliances as living standards improve and income levels rise.

This industrialisation and urbanisation has many more years to play out – on an unprecedented scale given the sizes of the populations involved. Exposure to global resources offers a direct means of benefiting from this growth.

Key features:

① Long-term performance – The Fund is ranked the 1st quartile amongst the peer group over the periods of 1 year, 2 years, 3 years, 5 years and since inception*. It has also won various awards around the world.

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② According to Morningstar research, First State Global Resources Fund is one of the world’s largest resources funds.**

③ True to label investment process – We invest in companies that we believe meet our investment criteria – strong growth, financials, sustainability and management track record, rather than speculating or predicting short-term changes in commodity prices in our process.

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* Past performance should not be used as a guide to future performance, which is not guaranteed. Source: All performance data for the First State Global Resources Fund A Accumulation Shares as at 31 March 2011 : Source for fund - Lipper Ltd, net of fees, income reinvested net of tax; source for benchmark - RIMES & Bloomberg, income reinvested gross of tax. ** According to Morningstar as at 28 October 2009, the report is based on the Natural Resources Equity Sector.

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First State Investments is the trading name for the following companies which are authorised and regulated by the Financial Services Authority:
First State Investments (UK) Limited, registered office 3rd Floor, 30 Cannon Street, London, EC4M 6YQ. Registered in England & Wales with company number 2294743.
First State Investment Management (UK) Limited, registered office 23 St. Andrew Square, Edinburgh EH2 1BB. Registered in Scotland with company number SC47708.
First State Investments International Limited, registered office 23 St. Andrew Square, Edinburgh EH2 1BB. Registered in Scotland with company number SC79063.

The following company also carries on business within the First State Investments group:
First State Investment Services (UK) Limited, registered office 3rd Floor, 30 Cannon Street, London, EC4M 6YQ. Registered in England & Wales with company number 3904320.