First Sentier Investors (FSI) have informed CFS that they have made changes to their investment capabilities within Australia. The outcome is that FSI will hand over investment management services for the following investment options: 


First Sentier Developing Companies

First Sentier Future Leaders

First Sentier Equity Income

First Sentier Target Return Income

First Sentier Australian Bond

First Sentier Global Credit Income

First Sentier Diversified Fixed Interest

CFS Index Australian Bond 


Some or all of these investment options are available through FirstChoice Wholesale Personal Super and Pension, FirstChoice Wholesale Investment, FirstChoice Investments, FirstChoice Employer Super and Managed Investment Funds.


CFS is actively sourcing well-credentialled replacement investment managers.

The new managers will each have a strong track record in the respective asset classes and strong research house ratings. 


CFS expects to be able to announce the new managers within a month and anticipates that the portfolio transitions will commence from June 2024 onwards. 


FSI has committed to continuing to manage the funds in an orderly and prudent manner until the transition is complete. 


CFS will continue to monitor the management of the portfolios closely.

We're here to help

For more information about these changes, please speak to a financial adviser if you have one, or call us on 13 13 36, 8:30am to 6pm Monday to Friday Sydney time. 

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.


Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at or by calling us on 13 13 36.