Worldwide All Cap

Transition of Stewart Investors Worldwide All Cap Fund to RQI Investors

As we continue to reposition the Stewart Investor funds after the departure of several key members of the investment team, we are proposing to transition the Stewart Investors Worldwide All Cap Fund to First Sentier Group’s active global quantitative investment management team, RQI Investors. 

This transition will be subject to shareholders voting in favour of the change, with voting to take place at an Extraordinary General Meeting on 29 April 2026. 

We explored a range of options for the Fund, and we believe the proposed transition will allow investors to benefit from an active quantitative equities investment team with a long track record of offering quantitative investment strategies.  If approved, the transition will allow shareholders to remain invested in a First Sentier Group strategy that aims to deliver long-term capital growth from a diverse portfolio of global equities, and with a reduced annual management charge. 

However, there are some important differences in RQI Investors’ investment approach that shareholders should review when considering the proposal. More information can be found in the unit holder notice.

The proposed transition to RQI Investors is endorsed and supported by First Sentier Group’s shareholder and board.  Should the proposal be rejected, the intention is to wind up the fund. 

Why RQI Investors

• RQI Investors was established in 2008 and currently manage in excess of £14bn in global, emerging markets and Australian equities strategies. The team launched its first global equity strategy in 2008 and has strived to identify original investment ideas tested by robust research to their investors during this time. The team launched their first vehicle available to UK investors in 2025, the RQI Global Value Fund.  
• RQI Investors has a track record in delivering investment performance over market cycles and we consider that the proposed changes to the Fund are in the best interests of shareholders.