Stewart Investors Asia Pacific Leaders

The First State Asia Pacific Leaders Fund focuses on large cap stocks with a minimum market cap of $1bn. The fund utilises a team of 22 well-seasoned Asian equity specialists through a stable and well-defined process to uncover compelling stock ideas to construct a high conviction portfolio.

A long regarded stalwart in the sector, the First State Asia Pacific Leaders Fund remains a top pick for investors who wish to gain exposure to Pacific companies with strong downside protection and returns over the long term.

The investment process leverages the team’s experience, and the size of the team allows for full coverage of the market. Instead of relying on short term broker research or backwards looking data, ideas are primarily generated from their own qualitatively maintained followed list. The process is designed to produce a concentrated, conviction driven portfolio that searches out companies with sustainable long term earnings growth, which has resulted in a structural growth bias. However, on an underlying investment basis, we see a good spread of opportunities from deep-value to high growth.

We like the fund for its robust and repeatable investment process, its ability to protect value in falling markets, and the experience of the team. In addition the fund is competitively priced with an OCF of 0.90% with no performance fee.

Fund type UK OEIC
Asset class Equities
Sector Asia
Managed by David Gait & Sashi Reddy
Held in EQ PortfoliosBest Ideas Cautious
Best Ideas Adventurous
Best Ideas Adventurous Plus
Best Ideas Balanced Plus
Best Ideas Cautious Plus
Best Ideas High Octane
Best Ideas Balanced
Best Ideas Defensive

Manager Profile

David Gait joined First State in 1997, and is now responsible for leading the Stewart Investors Sustainable Funds group and generating investment ideas across all sectors in emerging and developed markets. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University

Sashi Reddy joined the team in August 2007 and is responsible for generating investment ideas across the Stewart Investors Sustainable Funds group.Before joining the company, Sashi worked at Irevna Research, an Indian equities research house from 2005 to 2007. Sashi brings with him 15 years of experience, 12 years of which were in the financial services industry.Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.

Fund performance

Stewart Investors (UK)

First State Investments is a global asset management business with experience across a range of asset classes and specialist investment sectors. First State Investments is owned by the Commonwealth Bank of Australia. In Australia First State operates as Colonial First State Global Asset Management. On 1 July 2015 the team split to form two new teams; one primarily based in Edinburgh (Stewart Investors) and the other in Hong Kong (First State Stewart Asia).

Stewart Investors is a team of investment professionals who manage funds on behalf of clients in Asia Pacific, Emerging Markets and worldwide. Primarily based in Edinburgh, they have a distinct culture and investment philosophy that is unchanged in more than two decades, since the launch of the first fund in 1988.