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Important notice to Unitholders

Effective on or around 1 April 2026, the Stewart Investors Worldwide All Cap Fund will change to the RQI Global Diversified Alpha Fund.

This will involve the transition of the delegated investment management responsibilities and branding from Stewart Investors to an affiliate investment management team, RQI Investors.

As a result of this transition, the Stewart Investors website will be closed effective on or around 2 April 2026.

All historical AMIT notices and Financial Statements will still be available on the First Sentier Investors website.

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Strategy

Topic

Type

  • Executive pay: What’s in a number?

    Examining differing approaches to executive pay allows us to assess whether the interests and time horizons of a company’s senior leaders are aligned with the interests of its long-term shareholders.

    29 September 2025
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  • Trip report: Putting the Philippines on the map

    Stewart Investors visits one of Asia’ fastest-growing economies to check on its progress at first hand and to meet some of the companies that are contributing to and benefiting from its development.

    02 September 2025
    Image for: Trip report: Putting the Philippines on the map

  • The Tao of Dolly

    A recent trip to Nashville brought to mind one of Tennessee’s most iconic figures and an unexpected source of investment insight: Dolly Parton.

    03 June 2025
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  • Business built on trust: India

    When we invest on behalf of our clients, who entrust us with their savings, we strive to embody both qualities. These qualities also guide our analysis of companies and their management teams.  

    28 April 2025
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  • Asia Pacific Leaders: Thoughts

    Analyst and Senior Portfolio Manager David Gait gives his thoughts on the Asia Pacific Leaders strategy highlighting investment ideas and portfolio activity.

    16 March 2025
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  • Asia Pacific All Cap: Thoughts

    Analyst and Senior Portfolio Manager David Gait gives his thoughts on the Asia Pacific All Cap strategy highlighting investment ideas and portfolio activity.

    15 March 2025
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  • How we select companies

    We are frequently asked how we narrow down a universe of 15,000 Asian and emerging market companies to about 50 in our portfolio. This question is especially relevant now that we invest globally, expanding our universe to 65,000 companies, making the challenge even greater.

    01 March 2025
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  • China is not one thing

    Investment Analyst Tyler Thomas reflects on his trip to China and the companies he met with.

    07 February 2025
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  • Innovation, Italian Style

    Despite Italy's challenging macroeconomic indicators, such as political instability and low fertility rates, the country remains a hub of innovation and dynamic businesses.

    04 February 2025
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  • From Sweden, With Love

    Our trip to Stockholm in September reaffirmed our conviction in the treasures Sweden offers to the world – ideas, products, and people.

    19 November 2024
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  • A positive case for sustainable investment

    A few years ago, sustainable investment was much in favour. The tide turned decisively in 2022. Today, opinions about the future of sustainable investment are polarised.

    28 October 2024
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  • Client letter: Why change a name?

    We have decided to remove the word ‘Sustainability’ from the Stewart Investors fund names. Why? Three and a half slow-burning thoughts have combined to make it the right time.

    23 September 2024
    Image for: Client letter: Why change a name?

  • The dangers of a short-term view

    Stewart Investors focus on long-term investments in high-quality companies for sustainable growth. Short-term market fluctuations are less informative than long-term trends, as shown by Infineon's performance.

    10 September 2024
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  • Realising the potential of Access to Diagnostics

    Access to affordable diagnostics is crucial for healthcare, but it's a challenge in poorer countries. The Access to Medicines Foundation incentivises diagnostic companies and Stewart Investors partners with them to analyse investments.

    06 September 2024
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  • Biodiversity and the importance of stewardship

    Like many other environmental and social risks, biodiversity risks and impacts can be hard to assess as they are either hidden from the outside or occur deep in company supply chains.

    04 September 2024
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  • India: There is order in chaos

    The political chaos and the steady news flow emanating from India’s sensationalist media is often perceived as a risk. We disagree. It is no different to what we see in any other democratic society.

    28 August 2024
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  • Biodiversity and how we select companies

    Our investment approach favours companies that provide products and services that meet basic needs, solve difficult problems and seek to do more with less. A result of our investment philosophy means that we avoid companies that have a significant negative impact on the natural environment.

    27 August 2024
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  • Biodiversity and our approach to it

    Biodiversity is the term commonly used to refer to the variety of living species on Earth, including plants, animals, bacteria and fungi. It is not a marketable good or product, nor a service; it is the living web that connects the tangible and intangible elements of healthy ecosystems.

    19 August 2024
    Image for: Biodiversity and our approach to it

  • Uncovering quality in China through bottom-up stock picking

    Over the past year, our Asia and Global Emerging Markets portfolios have increased exposure to Chinese equities. As bottom-up stockpickers, we are optimistic about the potential returns from owning some of China’s best businesses at reasonable valuations.

    19 August 2024
    Image for: Uncovering quality in China through bottom-up stock picking

  • Biodiversity Q&A

    In this piece we answer some of the frequently asked questions about biodiversity and our approach.

    15 August 2024
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  • Finding gems in Ohio

    In Ohio, the blend of hard work, good business sense, independent thinking and the ability to take risks when appropriate, has delivered a group of companies that are well worth stopping for.

    16 July 2024
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  • A + I equals more than NVDA

    OpenAI released GPT-4, the sophisticated Large Language Model (LLM) behind ChatGPT, one year ago. Over that year, Artificial Intelligence (AI) has never been out of the news and the market cap of US tech stocks has risen by 50%

    27 March 2024
    Image for: A + I equals more than NVDA

  • The Sustainable 6

    We thought it could be useful to showcase a selection of companies we’re referring to as the Sustainable 6. This is just one selection we think reflects the variety, quality, and excellent sustainability positioning of all the companies we invest in for clients.

    27 March 2024
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  • Why stewardship matters

    Prioritising long-term growth over short-term gains takes confidence and vision from high-quality management. Great stewardship through long-term decision making benefits businesses in myriad ways but it doesn’t manifest the same way in every company.

    04 September 2023
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  • Why India: Investing in the Indian subcontinent

    The Indian subcontinent has been a fantastic investment destination over the last few decades. Investment returns in the subcontinent have been primarily driven by India since she liberalised her economy in 1991.

    16 January 2023
    Image for: Why India: Investing in the Indian subcontinent

  • Why India: Home to high-quality companies

    India is home to many high-quality companies. Our past decades of investing in the Indian subcontinent has demonstrated that exceptional businesses managed by competent, conservative stewards deliver disproportionately better returns through cycles.

    15 January 2023
    Image for: Why India: Home to high-quality companies

  • Why accounting choices matter

    Commuters on the London Underground would be familiar with the warning to “mind the gap”. The investment industry is in dire need of a similar warning but with an extra A – “Mind the GAAP”.

    30 November 2022
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  • Tackling climate change in emerging markets

    As the human effects of climate change continue to intensify around the world, asset owners and managers are rightly grappling with their responsibilities to help avoid catastrophe.

    13 October 2022
    Image for: Tackling climate change in emerging markets

  • Spotlight on sustainability: Watsco

    Sashi Reddy discusses Watsco, the largest distributor of HVACR (heating, ventilation, air conditioning and refrigeration) products in North America.

    02 October 2022
    Image for: Spotlight on sustainability: Watsco

  • The importance of diversity

    How do the Stewart Investors team seek to address diversity? Sashi Reddy discusses the investment team’s approach, and why fostering diversity of thought is not just important but crucial in implementing the team’s investment philosophy for the long term.

    15 August 2022
    Image for: The importance of diversity

  • Climate Report: The race to zero

    Welcome to our climate report. In the report we share a baseline of our climate change-related risks, opportunities and impacts, from which our progress towards zero-carbon portfolios and operations can be assessed in the years ahead.

    23 June 2022
    Image for: Climate Report: The race to zero

  • The problem with ESG scores

    Some ESG data can be useful in certain circumstances, but can an over reliance on simplistic ESG scores be a dangerous strategy?

    06 April 2022
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  • Trip Report: US

    Emerging trends like cloud computing, automation, connectivity, and AI offer attractive opportunities for investors. These companies are often well positioned in the face of broad sustainability tailwinds and characterised by steady growth streams, so one can understand the allure.

    05 April 2022
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  • Proxy Voting Policy and Guidelines

    We believe judgement is a better guide to voting than a rules-based approach. Our voting policy is based on a parsimonious set of principles and key considerations that in our judgement are likely to be applicable to all companies in the vast majority of circumstances.

    16 March 2022
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  • How big is big enough?

    Today’s technology giants may have many admirable qualities, but should we question their ongoing contribution to sustainable development?

    06 January 2022
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  • Our Human Development Pillars

    Struggling to clearly articulate the world of ESG investing? You’re not alone. Learn more about our sustainable development framework. Jack Nelson explains.

    11 November 2021
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  • The Power of Story

    In a recent essay, Santa Fe economist Brian Arthur challenges economists to describe the world in more than algebraic terms. Our focus on quality and people leads us to embrace stories and narrative.

    14 October 2021
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  • Ten years in emerging markets

    If the last ten years investing in emerging markets has taught us anything it is that in the long run, quality wins.

    03 September 2021
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  • Is Europe leading the way in sustainable business?

    Europe is seldom considered the most exciting place to invest. This is mainly because European index returns – a proxy for average market returns – have been modest over most time frames. But Europe offers some excellent investment opportunities for active investors willing to seek out its treasures.

    21 June 2021
    Image for: Is Europe leading the way in sustainable business?

  • Emerging markets’ new generation of tech firms

    Emerging markets have evolved from basic tech tasks to producing world-leading firms. Companies like Mercado Libre and Avast drive innovation, reduce inequality, and offer optimism for future growth.

    01 June 2021
    Image for: Emerging markets’ new generation of tech firms

  • Reasons to invest in Europe

    Even enthusiastic European equity investors understand why many don't share their excitement. Many savers believe their options are limited to average market returns from index-tracking funds, which often appear mediocre.

    06 May 2021
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  • Indian Subcontinent: the decade ahead

    The Strategy did well in 2020, thanks in part to the generosity of central banks globally, while the real economy tried to shake off a pandemic. However, we believe that the real opportunity for investors in the subcontinent should be in the decade ahead. We are optimistic for two reasons.

    29 March 2021
    Image for: Indian Subcontinent: the decade ahead

  • Why do Payable Days matter?

    ‘Payable days’ measures how long a company takes to pay its suppliers. While finance courses often teach that longer payment times indicate strong bargaining power and a strong franchise, we disagree.

    15 February 2021
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  • Research Tender Overview

    At Stewart Investors our investment process is augmented through the use of external research. We find this third party research helpful to challenge our thinking and extend our understanding of sustainable development issues.

    28 November 2020
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  • Rainbow washing the SDGs away

    The Sustainable Development Goals (SDGs) have been broadly embraced by financial institutions. This is a positive move, and timely too.

    04 August 2020
    Image for: Rainbow washing the SDGs away

  • Active versus passive

    Growing investor concerns about climate and societal crises have contributed to the burgeoning demand for ‘sustainable investment’ funds that take into consideration environmental, social and governance (ESG) factors.

    25 May 2020
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  • Trip report: India

    The ongoing crises making their way through the Indian financial system are indicative of the years of irrational exuberance in the decade prior.

    12 May 2020
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  • Implementing the Sustainable Development Goal 12

    The UN Sustainable Development Goals (SDGs) offer a framework for investors and businesses to unite for cleaner practices. One goal which many investors and businesses are placing emphasis on is SDG 12: Responsible Consumption and Production.

    09 March 2020
    Image for: Implementing the Sustainable Development Goal 12

  • Challenging the greenwash

    At Stewart Investors, we invest in 'quality companies' through a rigorous ESG evaluation process that has been in place for over three decades. Our ESG analysis is integrated with assessments of management, franchise, and financials to ensure comprehensive evaluation.

    12 February 2020
    Image for: Challenging the greenwash

  • Trip report: Brazil

    Recent history in Brazil has seen a push towards identifying and weeding out the linkages between corporate and political networks that have intertwined over decades to breed a culture of impunity.

    03 December 2019
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  • Small is beautiful

    This rule of thumb was coined in order to combat a common challenge facing teams trying to solve complex problems. In pursuits like investing, there is a tendency to increase the number of people providing input to the point that the team gets bloated and functions less efficiently.

    07 November 2019
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  • Quality & Patience

    Today, asset owners have numerous investment options, each with compelling reasons for their attractiveness. Aggressive, untested monetary policies have fueled years of above-average equity returns, leading many strategists to predict strong returns for investors.

    03 December 2018
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  • Our Hippocratic oath in action

    Our Hippocratic oath is something we all hold dearly and have all signed. It underpins our investment philosophy, which is based on identifying quality stewards of strong franchises with good long-term prospects.

    09 April 2018
    Image for: Our Hippocratic oath in action

  • Dual Share Class Blundering

    We used to send letters to companies and stock exchanges extolling the virtues of single share classes, tag along-rights and ‘one share, one vote’. Today, we actively seek out companies with dual share classes. What has changed?

    11 December 2017
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  • Tax Approaches

    We consider the tax rates paid by companies that we might invest in on behalf of our clients important because it impacts our assessment of Quality of Management, Franchise and Financials.

    03 July 2017
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  • The Sharing Economy

    Sharing resources has gone on for as long as humans have been living in tribes. But without the enabling role of the internet or mobile devices it is hard work in a large complex society with a myriad of goods and services. The internet is now helping to solve this problem.

    03 July 2017
    Image for: The Sharing Economy

  • Green Bookkeeping

    In 2010, Puma pioneered a new form of corporate reporting. The German sportswear company produced an environmental profit and loss account, which estimated the company and its supply chain to have caused €145m of environmental damage that year, relative to €202m of net profit.

    29 June 2017
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  • Does Fund Management have a social purpose?

    The stock market and bond market have their origins in the financial revolution of the late 17th century. The stock market developed to provide funds for overseas trading companies, like the English East India Company, while the bond market funded the state, mostly raising funds for waging of war.

    01 June 2017
    Image for: Does Fund Management have a social purpose?

  • The Circular Economy

    US clothing retailer Patagonia famously encouraged consumers not to buy their jackets in 2011...

    03 May 2017
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  • Alice in Financeland

    At first glance, the financial system seems nonsensical. The more you examine it, the less sense it makes. Ideally, it should support long-term economic growth, but it resembles a fantasy land filled with peculiar characters and absurd tasks. Lewis Carroll’s Alice would be very much at home.

    03 April 2017
    Image for: Alice in Financeland

  • The Plastics Paradox

    Plastic is wonderful stuff. It is lightweight, so less carbon intensive to move around. It is durable, mouldable and less energy intensive to make than aluminium or glass. It helps reduce food waste and decreases the risk of food contamination.

    03 April 2017
    Image for: The Plastics Paradox

  • Trip report: Japan

    Japan's taijin kyofusho is a social phobia that discourages risk-taking. It means non-conformist companies like Unicharm and Hoya thrive by prioritising long-term thinking and stakeholder interests, positioning themselves for sustainable growth.

    30 September 2016
    Image for: Trip report: Japan

  • Trip report: India and Taiwan

    Stewardship is central to our investment philosophy at Stewart Investors, and the importance of the quality of incoming leadership cannot be understated. The risk, however, is that we arrive at conclusions too quickly or use the wrong measuring tape.

    01 July 2016
    Image for: Trip report: India and Taiwan
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Material on this website is intended to provide general information only. Such material does not into account your objectives, financial situation or needs. You should consider these matters before acting on the information and consider the relevant Product Disclosure Statement for any product named on this website before making an investment decision. Any opinions expressed in videos are the opinions of the individual participant and are subject to change without notice. Such opinions are not a recommendation to hold, purchase or sell a particular financial product and may not include all of the information required to make such a decision. Before making any such decision you should consult a financial adviser.