22nd October 2015 - In March, we informed you that First State Stewart, the team that runs First State Investments' GEM, Asia and global equity mandates, was to be split into two investment teams on 1st July 2015; one based in Edinburgh (Stewart Investors), and the other in Hong Kong (First State Stewart Asia). First State believed that, by forming two smaller investment divisions, both teams would get greater flexibility.
Now, subject to regulatory approval, the funds run by the Stewart Investors team in Edinburgh, will have a name change to better distinguish them, and the brand, from other First State products.
All funds managed by other investment teams within the company are unaffected and the investment philosophy and process remain the same.
The name changes will take place on 2nd November 2015 and will be shown as such in the Chelsea FundStore and in the reports you receive from us.
|Current fund name||New fund name|
|First State Asia Pacific Fund||Stewart Investors Asia Pacific Fund|
|First State Asia Pacific Leaders Fund||Stewart Investors Asia Pacific Leaders Fund|
|First State Asia Pacific Sustainability Fund||Stewart Investors Asia Pacific Sustainability Fund|
|First State Global Emerging Markets Fund||Stewart Investors Global Emerging Markets Fund|
|First State Global Emerging Markets Leaders Fund||Stewart Investors Global Emerging Markets Leaders Fund|
|First State Global Emerging Markets Sustainability Fund||Stewart Investors Global Emerging Markets Sustainability Fund|
|First State Indian Subcontinent Fund||Stewart Investors Indian Subcontinent Fund|
|First State Latin America Fund||Stewart Investors Latin America Fund|
|First State Worldwide Equity Fund||Stewart Investors Worldwide Equity Fund|
|First State Worldwide Leaders Fund||Stewart Investors Worldwide Leaders Fund|
|First State Worldwide Sustainability Fund||Stewart Investors Worldwide Sustainability Fund|
Stewart Investors Asia Pacific Fund