In order to optimise the management of Parvest assets, and as part of the plan to streamline the range of products offered to customers, it was decided to merge the Parvest Asian Opportunities and Parvest Asian Growth subfunds on 22 February, 2002, by transferring the assets of Parvest Asian Growth into Parvest Asian Opportunities. On the same occasion, Parvest Asian Opportunities has been renamed Parvest Asia.
This merger makes for greater clarity in the Parvest Asian equities range, which comprises:
· a large pan-Asian subfund (Parvest Asia),
· two regional subfunds (Parvest Asean and Parvest Greater China)
· a sector-based subfund (Parvest Asian Technology)
The new subfund has assets of over $US 90 million, making it the largest in the Asian Equities range, which currently has total assets of $US 300 million.
Parvest is BNP Paribas Asset Management's flagship Luxembourg fund. It has developed steadily since its creation in 1990, and is now one of the leading funds in the market, featuring:
- 77 subfunds covering all of the major asset classes and the main markets
- distribution in 22 countries.
Key information concerning Parvest Asia:
ISIN codes : (D) LU 111479761 / (C) LU 111479928
Investment objectives : The objective of Parvest Asia is to increase the value of its assets over the medium term, by investing mainly in stocks and related securities of Asian companies outside Japan.
Recommended investment horizon : At least five years
For more information: www.parvest.com