Stewart Investors Asia Pacific - Under Review

FUND RESEARCH UPDATE: Fund rating moved to Under Review

Simon Dorricott 9 November, 2015 | 4:00PM
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Stewart Investors has today announced proposed changes to the management of the Global Emerging Markets Leaders, Asia Pacific and Asia Pacific Leaders funds. The Asia Pacific fund will see longstanding manager Angus Tulloch step down from his lead manager role, to be co-manager, with Ashish Swarup coming in as lead. Swarup joined the group more recently, having worked on emerging markets at Fidelity before leaving to join First State in June 2014. This change is due to officially come into effect on 1st July 2016, but there is likely to be a period of transition leading up to that date. Although the new lead manager will be following the tried and tested First State investment approach, there is some flexibility within that for managers to express their own views in terms of stock selection, which will of course have an impact on fund positioning and performance. We will meet the new manager in due course to more fully understand his investment style and to further assess the changes within Stewart Investors. Pending that meeting we have placed the Stewart Investors Asia Pacific fund Under Review. The fund previously held a Morningstar Analyst Rating™ of Silver.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Stewart Inv APAC and Jpn Sstby A GBP Acc16.37 GBP2.03Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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