First State Stewart Asia
First State Stewart Asia is an autonomous investment management team within First State Investments, with offices in Hong Kong, Singapore and Edinburgh. The team manages a range of Asia Pacific and Global Emerging Market equity strategies on behalf of clients globally.
- Long-term, conservative investors with an absolute return mindset
- Focus on identifying quality companies at sensible valuations
- A stable team with a distinct culture and investment philosophy
Why First State Stewart Asia
We are conviction-based, bottom-up stock selectors with a strong emphasis on proprietary research. Our goal is to identify high quality companies to invest in for the long term. We look for founders and management teams that act with integrity and risk awareness; and dominant franchises that have the ability to deliver sustainable and predictable returns over the long term.
We are conservative investors and define risk in terms of the permanent loss of capital, rather than deviation from any benchmark index. We believe that by investing in quality companies and holding for the long term, the risk to capital is greatly reduced.
Our corporate RI strategy is based upon three strategic pillars of quality, stewardship and engagement.
We endeavour to make use of all relevant information at hand, including how companies manage environmental, social and governance issues, and only invest where we perceive the management operates the business effectively and in the interests of all stakeholders. Companies that do not look after their customers, employees, suppliers and the larger community are unlikely, in our view, to be rewarding long-term investments. On the other side of the equation, Responsible Investment also means being responsible owners. When we make an investment, we regard ourselves as buying shares in a real business, with all the rights and responsibilities that this entails. As long-term investors, we engage extensively on ESG matters, particularly where we feel we can add value or can pass on experiences of best practice.