First State Investments

Stewart Investors Manager changes

Threadneedle

Threadneedle European Select - Nichols joins Dudding

River and Mercantile

Philip fills Hanbury’s shoes

BlackRock Continental European Inc

Alice Gaskell, co-manager of BlackRock’s Continental European Income fund, is leaving the company after 24 years to spend more time with her family. Andreas Zoellinger, the other co-manager of the fund, will become sole manager.

Zoellinger has worked for BlackRock (then Merrill Lynch) since 2001 and has run the fund since launch. He is also backed by the strong resources of BlackRock’s European team.

As a result we are retaining the fund’s position on our buylist. However, we will be meeting Zoellinger shortly to discuss the change and will report back in more detail at that time.