Global asset manager
First State Investments is a global asset management business covering a range of asset classes and investment sectors.
The business first started in Australia in 1988. It has since grown into a large-scale asset manager, with an 800-strong team across 11 offices including Asia, Australia, Europe and North America. Since 2000, it has been part of the Commonwealth Bank of Australia.
As of 31 December 2017, First State Investments has $171bn in AUM. Today, it has 17 teams operating across Equities, Fixed Income, Alternatives and Multi-Asset, including Stewart Investors, a pioneer in emerging market equities and sustainable investing, and First State Stewart Asia, our leading Asian equities investor.
As 2017 approaches, sustainable investment is high on the agenda for many fund managers and experts. Here, they reveal which areas will make headlines and how they will gain exposure to them within their portfolios.
Targeting £100,000 to help back trust launch
Japan's domestic economy still seems to be stumbling along. From one quarter to the next, Japan data watchers have been rewarded with revisions down (FY2016 GDP revised to 0.9%, down from 1.7%) as well as revisions up (Q2 GDP revised up to 0.7% quarter-on-quarter,...
Holds less than 10% in direct China exposure
Fidelity International biggest winners
Assets fallen by £40m
Soft closed in 2012
Portfolios becoming increasingly concentrated
Manager shares his investment lessons from last 30 years
Selected from five major regions
Follows manager reshuffle
Ends 27-year stint at helm of Asia Pacific fund
Stewart Investors changes: Buyers avoid 'knee-jerk reaction' but new managers 'have something to prove'
Following changes revealed this morning
Today's announcement by Stewart Investors that Angus Tulloch and Jonathan Asante are stepping down from a number of funds will have unsettled investors, perhaps far more than any other high profile manager moves of the past.
Asia Pacific Leaders changing to sustainability strategy
Investors were given yet another reason to steer clear of Brazil after political turmoil and high debt levels saw ratings agency Standard & Poor's downgrade the country's status from investment grade to 'junk' this month.
First State is to launch three new Asian equity funds, following the split of the First State Stewart team earlier this year.
In pictures: Fund Manager of the Year
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First State Stewart expects to rebrand its funds this September following its decision to split its business in two on 1 July.
Why investors shouldn't dismiss whole asset classes
First State Stewart's global emerging markets team is turning more positive on one of investors' least-loved global equity markets, saying valuations now warrant closer attention.
Edinburgh-based boutique Aubrey Capital Management, which was founded in 2007 by a group of former First State managers, has launched a concentrated global emerging markets fund with an initial $50m of seed money.
Why First State Stewart split is worth a closer look