First State Investments is the investment management business of the Commonwealth Bank of Australia, and holds the Elite Provider rating. With a strong commitment to investors signified by their interest alignment with them, they have a strong global presence, including Europe, the US, the Middle East and the Asia Pacific region. They hold expertise across the range of asset classes and specialist investment sectors.
Although part of the bigger First State Investments, the First State Stewart team (as it was renamed in 2012) operates as its own small autonomous entity, concentrating on Asia and emerging markets. Bonuses are designed to be aligned with clients’ interests and are based on long-term performance.
First State have an outstanding Asia and emerging markets investment team of 37, based in Edinburgh, Singapore and Hong Kong. Known as First State Stewart, the team has an excellent boutique style culture and a very strong process, seeking out quality companies on reasonable valuations, which they hold for the long term. Their performance has been outstanding, which has naturally led to strong inflows, causing them to close several of their funds to new money.
Elite Rated funds