Forvis Mazars removes Stewart Investors fund from MPS after triple manager exit

The audit and tax firm said yesterday (5 November) that it had become the latest firm to move away from Stewart Investors, as it swapped the firm's Asia Pacific Leader Sustainability fund for the HSBC Asia ex-Japan Screened Equity ETF.  In a note to clients, Forvis Mazars explained that the rebalance, which took place on 15 October, was a result of "the unexpected exit of the lead managers in a niche area". This prompted the MPS provider to "move to a more sophisticated index-based solution, which has structural benefits of improving our confidence in long-term return assumptions and ...