First State Investments has created a sub-brand to distinguish its global emerging markets team led by Angus Tulloch (pictured) and Stuart Paul.

The 28-strong team will now operate under the First State Stewart brand, named after investment firm Stewart Ivory, which was acquired by the company in 2000.

Its Asia Pacific and global emerging markets team is based in the UK and Asia and employs a bottom-up investment approach with the aim to maximise long-term returns.

Chief executive Mark Lazberger said, ‘The First State Stewart team is an integral part of our business and it is a team which employs a unique investment approach.

‘The launch of a sub-brand will allow this team to appropriately distinguish itself and its investment approach from other asset teams within the First State group.’

Paul, joint managing partner of First State Stewart, confirmed that his and Tulloch’s team would remain part of First State Investments.

He added, ‘The investment style of First State Stewart is inherently conservative, with a focus on capital preservation as well as long term capital growth.

‘We believe that this approach is critical to generating consistent long-term outperformance.’

The First State Stewart team initially developed its expertise with a focus on the Asia Pacific region and global emerging markets but has since added more specialist categories, such as China equity in Asia and sustainable investment.

Most recently, it introduced global equities with the First State Worldwide Equities Fund.