Following the decision made by First State in March of this year to split their equity team into two investment teams (Stewart Investors and First State Stewart Asia). They have decided to change the name of the following funds:

First State Asia Pacific Leaders Fund to Stewart Investors Asia Pacific Leaders Fund

First State Asia Pacific Sustainability Fund to Stewart Investors Asia Pacific Sustainability Fund

First State Global Emerging Markets Fund to Stewart Investors Global Emerging Markets Fund

First State Worldwide Sustainability Fund to Stewart Investors Worldwide Sustainability Fund

There has been no change to the underlying investment approach nor the investment team and therefore the Square Mile ratings remain unchanged.