Fund Name Changes - From First State to Stewart Investors

They operate autonomously and manage funds on behalf of clients in Asia Pacific, Emerging Markets, Worldwide and Sustainable Development equity investment strategies. They have a distinct culture and investment philosophy that is unchanged in more than two decades, since the launch of their first fund in 1988.

Stewart Investors formerly operated as First State Stewart. On 1 July 2015 the First State Stewart team split to form two new teams: one primarily based in Edinburgh (Stewart Investors) and the other based in Hong Kong (First State Stewart).

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The split will allow the two new successor teams to develop as smaller, dynamic investment groups, recognising that this has been critical to their success over the last 20 years. For more detailed information on the changes to the teams please view the announcement from March 2015.

Listed below are First State Investments onshore and offshore fund ranges that are open to new business. Early November 2015, the funds managed by the Stewart Investors team changed name from First State to Stewart Investors:

# These are Kudos fund links

First State Investments ICVC (UK OEIC/onshore)

First State Asia All-Cap Fund

First State Asia Focus Fund

First State Asian Property Securities Fund

First State Diversified Growth Fund

First State Emerging Markets Bond Fund

First State Emerging Markets Local Currency Bond Fund

First State Global Agribusiness Fund

First State Global Interest Rates and Currency Fund

First State Global Listed Infrastructure Fund

First State Global Property Securities Fund

First State Global Resources Fund #

First State Greater China Growth Fund

First State Japan Focus Fund

Stewart Investors Asia Pacific Fund

Stewart Investors Asia Pacific Leaders Fund #

Stewart Investors Asia Pacific Sustainability Fund

Stewart Investors Global Emerging Markets Fund

Stewart Investors Global Emerging Markets Leaders Fund

Stewart Investors Global Emerging Markets Sustainability Fund

Stewart Investors Indian Subcontinent Fund

Stewart Investors Latin America Fund

Stewart Investors Worldwide Equity Fund

Stewart Investors Worldwide Leaders Fund

Stewart Investors Worldwide Sustainability Fund

First State Global Umbrella funds (Irish VCC/Offshore)

First State Asia Innovation Fund

First State Asia Pacific All Cap Fund

First State Asia Pacific Select Fund

First State Asian Bond Fund

First State Asian Equity Plus Fund

First State Asian Growth Fund

First State Asian Property Securities Fund

First State Asian Quality Bond Fund

First State Australian Growth Fund

First State China Focus Fund

First State China Growth Fund

First State Emerging Markets Bond Fund

First State Global Agribusiness Fund

First State Global Bond Fund

First State Global Credit Income Fund

First State Global Listed Infrastructure Fund

First State Global Property Securities Fund

First State Global Resources Fund

First State Greater China Growth Fund

First State High Quality Bond Fund

First State Hong Kong Dollar Bond Fund

First State Hong Kong Growth Fund

First State Indian Subcontinent Fund

First State Japan Equity Fund

First State Long Term Bond Fund

First State Singapore and Malaysia Growth Fund

Stewart Investors Global Emerging Markets Leaders Fund

Stewart Investors Global Emerging Markets Select Fund

Stewart Investors Worldwide Equity Fund

Stewart Investors Worldwide Leaders Fund