First State Global Emerging Markets Leaders

Please note that the First State Global Emerging Markets Leaders fund has exited from the Investment Management Association (IMA) Global Emerging Markets sector and will be included in the IMA Specialist sector from 1 December 2014. The First State Stewart team will continue to manage the fund with the same investment philosophy and approach that has been applied consistently since the fund's inception in 2003. We believe the impact of this move to be quite minimal and the AAA rating will be maintained.