The Firm supports the principles enshrined in the Financial Reporting Council’s Stewardship Code which sets out good practice for investor engagement. The FCA requires all authorised asset managers to publicly disclose either a statement of compliance with the Stewardship Code or where they do not commit, their alternative investment strategy.
The Financial Conduct Authority and the Financial Reporting Council have acknowledged that certain aspects of the Stewardship Code are not directly relevant to all managers. The Firm is a fund manager with expertise in Emerging Markets. Consequently, compliance with the Stewardship Code is not relevant to the Firm because it does not manage or advise on UK listed assets for investors. .
The Firm’s Partners will continue to review the Code’s applicability.