We are stewards of over US$147.2 billion* (as at 31 December 2016) on behalf of institutional investors, pension funds, wholesale distributors and platforms, financial planners and their clients worldwide.
We are a global asset management business with offices located in Sydney, Melbourne, London, Dubai, New York, Louiseville, Paris, Frankfurt, Edinburgh, Hong Kong, Singapore, Tokyo, Jakarta and Auckland; and represented in Beijing and Shenzhen through the First State Cinda joint venture.
|Assets under stewardship||Total staff||Investment Staff|
|UK Europe and Middle East||US $42.8 billion||324||61|
|Asia (Including Japan)||US $15.1 billion||184||36|
|Australia and New Zealand||US $80.0 billion||292||105|
|North America||US $4.2 billion||28||11|
|Total||US $147.2 billion||828||213|
* Assets under stewardship indicated above includes Realindex Investments, which is a wholly owned investment management subsidiary of the Colonial First State group of companies.
^ USA assets under stewardship through CFSAMAL (Australia based non-domiciled), FSII (UK based non-domiciled), FSI Singapore (Singaporean based non-domiciled), USA SEC Registered Investment Advisers.
Source: First State Investments as at 31 December 2016.
We employ teams of investors that are specialists in their respective fields and who set their own investment style. Each investment team is structured so that portfolio managers and analysts have a strong sense of portfolio ownership. Incentive structures are directly aligned to the results they deliver for clients. Information on the investment philosophy and approach for each team can be found in in the team profile sections of this site.
While different investment teams have different investment approaches, all teams believe that markets are not completely efficient and that value can be added for our clients through careful investment analysis and prudent decision making.
# Effective from 1 July 2015 the First State Stewart team split to form two new teams: one primarily based in Edinburgh (Stewart Investors) and the other primarily based in Hong Kong (First State Stewart Asia). There is no change to either team's investment philosophy or primary portfolio management responsibilities. Stewart Investors is a team within First State Investments that manages a range of Asia Pacific (ex Japan), Global Emerging Markets, Worldwide and Sustainable Development equity funds. First State Stewart Asia is a team within First State Investments that manages a range of Asia Pacific equity funds.
* Realindex Investments is a wholly owned investment management subsidiary of the Colonial First State group of companies.
** In addition to investment management service, Multi-Asset Solutions also provides investment advisory services over a further US$6.0 billion in assets.
*** Multi-Asset Solutions assets under management invested in underlying investment capabilities included above.
Source: Commonwealth Bank of Australia financials as at 31 December 2016.