Background

In March 2015, First State Investments (First State) announced that the First State Stewart team would be dividing in July 2015, creating two separate teams, one based in Hong Kong and the other primarily in Edinburgh.

The split became effective on 1^st July 2015 and the Edinburgh-based business was renamed Stewart Investors.  Stewart Investors is an autonomous unit within the Commonwealth Bank of Australia’s global asset management business.

On the 2^nd November 2015, funds managed by the Stewart Investors team are being renamed, using the prefix “Stewart Investors”.

Name Changes

The name change affects two funds that are featured within The Adviser Centre, namely:

Both funds continue to feature on our Established list.

Whilst the structure of the team has seen changes over the past few months, Stewart Investors’ distinctive investment philosophy and approach, under Angus Tulloch’s leadership, are unchanged.

Locating the funds in The Adviser Centre

Within The Adviser Centre website, references to both funds have been altered to “Stewart Investors” with immediate effect.  “Stewart Investors” has also been added to our asset manager search engine in the “Fund Search” area.

Please be aware that there are no changes to the First State Global Listed Infrastructure and First State Global Resources funds, both of which are featured on our Recommended list.  These funds continue to be listed under “First State Investments”.