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

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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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Curiosity has a new name

At First Sentier Investors – the new name for First State Investments – curiosity is at the heart of all we do. It’s what shapes our investment philosophy and drives our active approach to investment management.

And while our name is changing, we retain the same active approach to creating sustainable, long-term outcomes for our clients.

Looking to the future

First State Investments is now First Sentier Investors. The brand change is part of a global re-branding program which began in 2019 after First State Investments was acquired by Mitsubishi UFJ Trust and Banking Corporation, a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc (MUFG). At that time, we decided to progress towards a single corporate global brand name in all markets.

The name First Sentier Investors was chosen as it reflects our heritage and our ongoing purpose. The word ‘First’ allows us to keep a reference to our strong and successful heritage, while the word ‘Sentier’ means path - which reflects our commitment to creating our own way forward and investing responsibly over the long term.

And while our name is changing, we retain the same active approach to creating sustainable, long-term outcomes for our clients, driven by curiosity. It's what shapes our investment philosophies, guides our investment processes and drives our distinctive approach to investment management.

At First Sentier Investors, we look forward to continuing our journey of curiosity with you.

Our shared principles

First Sentier Investors is a stand-alone asset management business and the home of investment teams FSSA Investment Managers and Stewart Investors. There is no change to the branding of these investment teams, or to the way they manage client assets.

While our teams work with discrete investment autonomy, according to their own investment strategies and philosophies, we are united in a common commitment to responsible investment principles.

 

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What is changing?

The brand change is part of a global re-branding programme, which began in 2019 after First State Investments (Colonial First State Global Asset Management in Australia) was acquired by Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG). At that time, we decided to progress towards a single global corporate brand name in all markets.

For the past 10 months, we have been operating as First Sentier Investors in Australia and will now progressively move to that name across all global markets, with a final transition date scheduled for September 2020.

Why is the brand name changing? Why could you not keep the name First State Investments?

We are taking this opportunity to adopt a single global corporate brand name - providing a unified approach to our brand management globally.

The rebrand of the business reaffirms the strengths of our global investment management business, our commitment to our clients and broader stakeholders, as well as differentiating us from the Colonial First State business remaining under CBA ownership in Australia.

A unified single brand will simplify our brand experiences for both employees and clients.

Why First Sentier Investors?

When choosing a brand name, there were a number of considerations.

  • We wanted a brand name that reflected core attributes of our personality and business philosophy
  • We wanted a brand name that had a brand name that reflects our heritage and ongoing purpose
  • We wanted a brand name that provided a smooth transition from First State Investments
  • We needed a brand name that was available for trademark in all jurisdictions in which we operate
  • We are required to transition to get-up / livery / logo design that is not similar to our current design

First Sentier Investors met all the above criteria.

The name First Sentier Investors reflects our heritage and ongoing purpose. ‘First’ references our strong and successful heritage as First State Investments, while the word ‘Sentier’ means path - which reflects our commitment to creating our own way forward, and investing responsibly over the long term for the benefit of our clients and the communities in which we invest.

First Sentier Investors also abbreviates to FSI which provides a smooth transition from our current abbreviation.

Will there be changes to other brands such as FSSA Investment Managers and Stewart Investors

First Sentier Investors is a stand-alone asset management business and the home of investment teams Stewart Investors and FSSA Investment Managers. There is no change to the branding of these investment teams, or to the way these teams manage client assets.

Will fund names be changing in line with the brand name change?

As part of this global re-brand, we have transitioned fund names to align with the new brand.

See attached appendix for full list of fund name changes (SUT)

See attached appendix for full list of fund name change (VCC)

Are you advertising this change and in what markets?

Yes. Advertising is important to support brand awareness and recognition.  We will be promoting our brand name change through an advertising campaign in our major markets, across broadsheet and target trade publications.

What does the logo mean?

The logo is a stylised F symbol in recognition of the word First and the important legacy of the First State business.

Why did you need to change the visual identity? Doesn’t this just add to confusion?

We don’t think so. The new visual identity creates a more, modern and unified look for the new global brand and its distinctive look will support ongoing brand awareness.

Will your website addresses change?

Yes.  Our website address is www.firstsentierinvestors.com. All previous URLs will be redirected to the new address to avoid client confusion.

Will your office addresses change? Will the different brands have different offices?

We currently have no plans to move offices or change our geographic locations. Our existing offices have been re-branded to First Sentier Investors.

As we shared an office with the Commonwealth Bank of Australia (CBA) in Singapore and following the separation from CBA, our Singapore office will be relocating to 79 Robinson Road, #17-01, Singapore 068897 effective 19 October 2020.

Have your offer documents be updated?

All documentation will be rebranded on, and from September 22, 2020.

Will your client reporting be updated?

All documentation will be rebranded on, and from September 22, 2020.

Will there be any changes to the investment philosophy, teams, or fund support (any other changes apart from name?)

No.  There will be no change to our investment teams or the way these teams manage our client assets. This is a brand name change only to allow us the benefit of operating as a unified global business.

All our investment teams – whether in-house or individually branded – operate with discrete investment autonomy, according to their investment philosophies. 

Will there be any changes to the pricing of your funds as a result of this change?

No. This is a brand name change only. There will be no change to our investment teams or the way our funds are managed or administered.

How will I find your funds on platforms?

Given the corporate brand name change, and the brand change of some First State funds to FSSA branded funds, we partnered with all relevant platform providers to facilitate a smooth transition and ensure our funds are easily found and identifiable on relevant fund platforms. In addition, as First Sentier Investors is both a home of investment teams and a stand-alone asset management business, it was important this was clearly communicated within platform listings.

From September 22, we have requested all platforms to have three separate brand name listings for the three fund brands - First Sentier Investors, FSSA Investment Managers, and Stewart Investors – while maintaining the link to First Sentier Investors.  Therefore, the respective fund ranges will be listed under: First Sentier Investors; FSSA IM (First Sentier Investors); and Stewart Investors (First Sentier Investors) across both our OEIC and VCC structures.

 

Why have some First State funds changed their name to FSSA Investment Managers branded funds? Have these First State funds always been managed by FSSA Investment Managers?

Yes.  These funds have always been managed by FSSA Investment Managers and therefore, during this time of brand change, it made sense to adopt a consistent approach and provide appropriate clarity across our fund range.

Can you explain the relationship between First Sentier Investors and the investment teams Stewart Investors and FSSA Investment Managers?

First Sentier Investors is a stand-alone asset management business and the home of investment teams Stewart Investors, FSSA Investment Managers and Realindex.

By way of background, First State Stewart Asia was established as an investment team in 2015 when the former First State Stewart team was separated into two teams (First State Stewart Asia and Stewart Investors). In July 2019, this investment team was formally rebranded to FSSA Investment Managers.

The market is already struggling due to COVID-19, why did you need to do this now?

The current macro-economic environment is challenging for almost every business around the world – and undoubtedly COVID-19 has been the over-riding priority for our management team and our employees for much of 2020. That being said, this change is a change in brand name only, with absolutely no impact on our business, our clients or how we manage client assets. Operating under a unified single brand will simplify our brand experiences for both employees and clients and allow us to fully leverage the market opportunities ahead and as we re-emerge from this period.

Will you be adding any more brands to the First Sentier Investors group?

Like any growth business, we are always assessing selective opportunities that support the healthy expansion of our business where and when opportunities make sense.

Can we expect more change from First Sentier Investors?

Like any growth business, we are always assessing opportunities that support the sensible expansion of our business where and when opportunities make sense.  However, we are currently focused on, and supporting the organic growth of our business and are excited by the opportunities that lie ahead under a unified global 

As part of this global re-brand, we have transitioned fund names to align with the new brand.

See attached appendix for full list of fund name changes (SUT)

See attached appendix for full list of fund name change (VCC)

Questions?

Contact us for more information