Specialist in Asia Pacific, Japan, China, India and South East Asia and Global Emerging Market equities.

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Our philosophy is very simple. We are constantly searching for high quality businesses and when we acquire them, we will work relentlessly with them to create long-term sustainable value through innovation, ESG-led and proactive asset management.

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Stewart Investors manage investment portfolios on behalf of our clients over the long term and have held shares in some companies for over 20 years. They launched their first investment strategy in 1988.

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Who we are

First Sentier Investors (formerly First State Investments) is a global asset management group focused on providing high quality, long-term investment capabilities to clients. We bring together independent teams of active, specialist investors who share a common commitment to responsible investment principles.

Who we are

First Sentier Investors acquired by Mitsubishi UFJ Financial Group (MUFG)


employees globally

17 strategies

across equities, fixed income, infrastructure and multi-asset solutions


of funds under management

*First Sentier Investors as of 30 Jun 2023

Our global footprint

9 countries

12 offices

4 continents


Signatories to the UN's Principles for responsible Investment since 2007

7/8 A+*

Out of 8 categories, we've scored 7 out of 8 A+ and one A from the UNPRI

*PRI Assessment Report 2020

We are a stand-alone asset management business and the home of investment teams FSSA Investment ManagersIgneo Infrastructure Partners, Realindex Investments and Stewart Investors. All our investment teams – whether in-house or individually branded – operate with discrete investment autonomy, according to their investment philosophies.

About us

Together, we offer a comprehensive suite of active investment capabilities across global and regional equities, cash and fixed income, infrastructure and multi-asset solutions, all with a shared purpose to deliver sustainable investment success.

We have been managing money with this long-term outlook for more than 30 years. Today, across the First Sentier Investors group, we manage US$148.3 bn* of assets on behalf of institutional investors, pension funds, wholesale distributors and platforms, financial advisers and their clients.

* Source: First Sentier Investors as of 30 Jun 2023

Responsible investment

We are dedicated to providing world-leading investment expertise and client solutions, led by our Principles of Responsible Investment and Stewardship. These principles are integral to each investment team, our overall business management and the culture of the firm.

A specialist responsible investment team supports the integration of Environmental, Social and Governance (ESG) into our processes, and provides a forum for collaboration on emerging ESG issues. Since 2007, we have been signatories to the United Nation’s Principles for Responsible Investment and have had group-wide stewardship principles in place since 2013.

More about our approach to Responsible Investment

Investment capabilities

We offer a comprehensive suite of investment capabilities across a number of sought-after asset classes.

We have 17 independent teams operating across equities, fixed income, listed and direct infrastructure and multi-asset. Our brands include FSSA Investment Managers, an Asian and global emerging markets equities investor; Igneo Infrastructure Partners, our direct infrastructure business; Realindex Investments, a systematic equities manager; and Stewart Investors, a pioneer in emerging market equities and sustainable investing.

Corporate Sustainability

We are committed to ensuring that as a firm, we are contributing to building a sustainable economy and society by improving our environmental, social and governance standards and holding our own business to the same standards that we expect of the companies that we invest our clients’ capital in; and by doing so, reinforcing our position as responsible investors.

In 2022, a dedicated Corporate Sustainability function was established to improve the sustainability profile of our global operations by focusing on four focus areas: environment, supply chains, community and diversity, equity and inclusion.

Our Corporate Sustainability 2022 Report provides an update on the progress that we have made in our focus areas.

Download report

Certified B Corporation

In 2022, First Sentier Investors became a globally Certified B Corporation (B Corp). B Corp Certification provides a framework that we can use to effectively assess our operations against high standards from an environmental, social and governance point of view, as well as to identify areas where we can enhance and improve.

B Corp certified companies are verified every three years on whether they continue to meet the rigorous, evolving standards.

Overall B Impact Score
Based on the B Impact Assessment, First Sentier Investors earned an overall score of 107.2, as of November, 2022.

More about our score and the assessment process

Our history

Our business started in Australia in 1988, and has grown to become a global asset management business with a diverse client base and operations spanning Australia, Asia, Europe and North America.

On 2 August 2019, Mitsubishi UFJ Trust and Banking Corporation acquired our business from Commonwealth Bank of Australia, and we now operate as a standalone global investment management business. Mitsubishi UFJ Trust and Banking is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc.

Formerly known as Colonial First State Global Asset Management in Australia, and First State Investments elsewhere, the firm has now rebranded to First Sentier Investors.


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