Research_strapline

Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

9th November 2015

Stewart Investors funds lose their Elite Ratings

First State Stewart Investors

Following substantial changes to the lead managers on a number of Stewart Investors funds (previously branded First State), FundCalibre is removing the Elite Rating on Stewart Investors Global Emerging Market Leaders, Stewart Investors Asia Pacific Leaders and Stewart Investors Latin America.

Commenting on the changes, Darius McDermott, managing director of FundCalibre said: “This is very unsettling for investors. The teams have only recently been split into two and now we have some substantial changes with some very experienced lead managers now taking a back seat.

“We fully appreciate that the investment style and philosophy of the funds will not be changing, and they have a team-based process, but all managers do things slightly differently. Ashish Swarup has been doing some good work behind the scenes since his arrival from Fidelity, and we like the work Tom Prew did with the Latin America fund, but they will have something to prove.

“We are more comfortable with the change in lead manager on the Asia Pacific Leaders fund. David Gait has an outstanding track record on the Elite Rated Asia Pacific Sustainability fund. However, there is a question mark as to whether he can translate the sustainable investment process from what is currently a small and mid-cap fund to an all-cap fund. We will request a meeting with David to talk through this further and may reinstate the Rating on the Leaders fund at a later date. For now, however, it must be removed.”

Click here to view other Elite rated Global emerging markets funds.


Sign up to receive our free weekly newsletter.