We have taken the decision to remove the Somerset Emerging Markets Dividend Growth fund from our Academy of Funds. This follows the recent news that the fund’s lead manager, Edward Lam, has resigned and will be leaving the firm towards the end of the year to pursue other opportunities. Somerset has also announced the hire of a new Dividend Growth team to take over management of the fund, however no further details have been provided. Mr Lam will remain as lead manager of the fund for the time being to ensure a smooth transition and we intend to meet with the new management team in due course. We would like to take this opportunity to wish Mr Lam all the success for the future.