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The Fund invests in shares of companies based in or having significant operations in the Asia Pacific region including Australia and New Zealand excluding Japan. Why is this fund on our Foundation Fundlist? First State Stewart Asia Pacific Leaders is a more defensive Asia Pacific ex Japan fund which aims to achieve long-term capital growth through investing in large and mid cap equities in the Asia Pacific region including Australia incorporating both developed and emerging markets. We like the management team’s focused approach to identifying good quality companies in the region with the intention of being long term stable shareholders. Investors must be aware however that taking such a long term view and being strictly focused on quality means that the fund has and will experience periods of underperformance, this has typically occurred when markets experience a strong rally or when more economically sensitive stocks in the region outperform. WHY IS THIS FUND ON OUR FOUNDATION FUNDLIST? Add a Fund Manager to compare to the chart 1.