The team is a sub-brand of First State created in February and led by Angus Tulloch and Stuart Paul, which was renamed to prevent confusion among clients with the firm’s new EM debt team.
Other fund managers within the team are Martin Lau who looks after Greater China equities, Jonathan Asante and Alan Nesbit, head and deputy head of GEM equities respectively and David Gait who is a senior portfolio manager and has been mooted to be lead manager on the Worldwide Fund if it is launched.
Gait already manages the Asia Pacific Sustainability and Global Emerging Markets Sustainability Funds, which were soft-closed back in January although they only had £219m and £175m in AUM respectively.
Since launch in 2005 the Apac Sustainability Fund has returned 130.3% and it is ranked first quartile across all time periods. Meanwhile, the GEM Sustainability Fund (launched in 2009) has returned 81.1% since inception and is also ranked top quartile over six months, one and three years.
First State Stewart said it would likely be in a position to release further information on the launch later in the year.
