Forvis Mazars has swapped out a Stewart Investors fund from its model portfolio service (MPS) following the exit of three prominent fund managers earlier this year.
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 ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
