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

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Specialists in equity portfolios in Asia Pacific, emerging markets, global and sustainable investment strategies

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First Sentier Investors Assessment of Value report for the year ended 31 July 2021

What is the Assessment of Value report?

The report reflects our assessment of value delivered to investors in our fund range over the assessment period to 31 July 2021. A detailed analysis for each fund is listed firstly by our affiliate investment team (First Sentier Investors, FSSA Investment Managers and Stewart Investors), then in alphabetical order. It is important to note that each fund assessed typically has several share classes, each offering different investment characteristics. As our analysis has been conducted at a share class level, this report will be more useful to you if you are aware of which one(s) you own.

Our approach to assessing value

Our philosophy and culture is built on the principle of acting as responsible stewards of our investors’ assets. This guides how we operate the overall business and how the teams invest. We place investor interests at the core of our business, and have a clear focus on earning and maintaining confidence in our investment capabilities and operations. We strive for the highest degree of transparency and accountability and place strong emphasis on the values of honesty and integrity.

Executive Summary

Our core purpose at First Sentier Investors is to achieve long-term investment success for investors through a specialist investment offering and an ongoing commitment to responsible investment and stewardship. This approach, combined with client service and governance, provides the core elements of our overall service quality – and is the central plank in our assessment of value across all funds.

Our report outlines the detailed and robust methodology to our analysis, an approach that we believe leads to better outcomes for investors.

Our assessment determined that out of 93 share classes, 82 were rated Green, confirming they offer value. Eleven were rated Amber, where we think there is room for improvement, and none were rated Red, indicating there would be areas of concern. Overall, our thorough analysis confirms that our funds deliver good value for investors.

We intend this report to be a valuable tool in assessing the value of each of our funds. We welcome its role in improving transparency and information for our investors, and will continue to focus on value as an integral part of our day-to-day management and oversight practices. We hope you find it useful.

Documents

Full Report

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First Sentier Investors

First Sentier Asian Property Securities Fund

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First Sentier Global Listed Infrastructure Fund

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First Sentier Global Property Securities Fund

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First Sentier Responsible Listed Infrastructure Fund

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FSSA Investment Management

FSSA All China Fund

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FSSA Asia All-Cap Fund

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FSSA Asia Focus Fund

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FSSA Global Emerging Markets Focus Fund

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FSSA Greater China Growth Fund

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FSSA Indian Subcontinent All-Cap Fund

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FSSA Japan Focus Fund

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Stewart Investors

Stewart Investors Asia Pacific and Japan Sustainability Fund

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Stewart Investors Asia Pacific Leaders Sustainability Fund

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Stewart Investors Asia Pacific Sustainability Fund

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Stewart Investors Global Emerging Markets Fund

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Stewart Investors Global Emerging Markets Leaders Fund

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Stewart Investors Global Emerging Markets Sustainability Fund

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Stewart Investors Indian Subcontinent Sustainability Fund

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Stewart Investors Latin America Fund

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Stewart Investors Worldwide Leaders Sustainability Fund

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Stewart Investors Worldwide Sustainability Fund

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Archive

Full report - 2020

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Assessment of Value report request form

To request a hard copy of the report please fill out the form below: