Rated Fund 2014-2017. A double award winner focused on sustainability
This trust won Money Observer's Best Asia Pacific Trust award in 2015 and 2016. It has been managed since 2010 by David Gait and Sashi Reddy at Stewart Investors (formerly known as First State Stewart).
The whole Stewart Investors team is committed to investing in quality companies with high standards of corporate governance, but as a leading member of the sustainability team, Gait puts a particular emphasis on this aspect of the investment process.
This entails investing in the shares of companies that contribute towards global human development without having an excessive impact on the environment.
The managers look for companies that are positioned to benefit from, and contribute to, the sustainable development of the economies they operate in.
They believe the sustainability of companies defines their quality and plays an important role in determining their future growth. This approach to investing can cause periods of short-term underperformance, but they are convinced it produces the best long-term results.
The managers also focus on determining the quality of a company, which involves assessing its management, franchise and finances.
They are very conscious of their responsibilities as investors. They point out that each investment decision brings rights and responsibilities that go with shared ownership of a company. The team therefore seeks to nurture a constructive long-term relationship with the managers of investee companies.