Stewart Investors - changes in fund management responsibilities
Kate Marshall | Fri 13 November 2015
The links in this article will take you to Hargreaves Lansdown’s main website for more information. Please be aware that if you wish to join any of the benefits in your company Plan you must return to this website to apply.
Stewart Investors have announced a number of fund management changes, anticipated to come into effect by 1 July 2016. They have confirmed there will be no changes to the underlying philosophy or process adopted by the managers, which has been developed over a period of more than 25 years.
| Fund | Existing managers | Proposed new managers |
|---|---|---|
| Stewart Investors Asia Pacific Leaders | Lead manager: Angus Tulloch Co-manager: David Gait |
Lead manager: David Gait Co-manager: Sashi Reddy |
| Stewart Investors Asia Pacific | Lead manager: Angus Tulloch Co-manager: Ashish Swarup |
Lead manager: Ashish Swarup Co-manager: Angus Tulloch |
| Stewart Investors Global Emerging Markets Leaders | Lead manager: Jonathan Asante Co-manager: Ashish Swarup |
Lead manager: Ashish Swarup Co-manager: Tom Prew |
| Stewart Investors Latin America | Lead manager: Tom Prew Co-manager: Dominic St George |
Lead manager: Dominic St George Co-manager: Tom Prew |
The funds will continue to be managed by several highly-experienced and talented portfolio managers and we are encouraged the team will maintain their established investment philosophy and approach. The managers will also continue to share ideas and operate as a close-knit team. We therefore do not expect to see any significant changes to the funds as a result.
Angus Tulloch established the team 27 years ago, while Jonathan Asante is also a long-standing member of the team. While they have handed over some of their management responsibilities, they will remain part of the team and act as a vital resource for the remaining managers.
Investors should note the Asia Pacific, Global Emerging Markets Leaders, and Latin America funds are currently closed to new investment. That said, we continue to hold the Asia and emerging markets team at Stewart Investors in high regard, and we have confidence in their ability to outperform their respective markets over the long term. As such we do not feel any changes need to be made to existing portfolios, providing investors' objectives continue to be met.
Further detail on our view on the Stewart Investors Asia Pacific Leaders Fund, which currently features on the Wealth 150+ list of our favourite funds across the major sectors, can be found here.
Read the key investor information document for the Stewart Investors Asia Pacific Leaders Fund.