We are pleased to introduce the Veritas Asian fund into the Academy of Funds with a AA Rating. The fund is managed by Ezra Sun, a very seasoned investor in this space, who has gathered a small team of like-minded individuals with in-depth local knowledge of the region’s markets. This combination has helped them to navigate the region's evolving economies and growing universe of stocks; indeed, we believe the team's company research and stock selection is one of the best in the region and they have demonstrated this over the strategy's life and across a range of market episodes, with the majority of the fund's excess returns coming from stock selection. Mr Sun is seeking to deliver attractive risk-adjusted returns over the long term through a portfolio of quality companies that can benefit from long-term structural growth themes, and this we think should appeal to a range of investors looking for access to Asia's growth potential.