One of the largest managers in the world devoted exclusively to fixed income

Standish Mellon Asset Management's mission is to meet the investment needs of sophisticated investors by providing above-average, risk-adjusted investment returns. The investment objective is to provide consistent returns by carefully implementing disciplined investment philosophies that have favourable historical performance characteristics.

• Headquartered in Boston, Massachusetts, USA
• Founded in 1933^*
• AUM US$159.2 billion^**
• One of the largest managers in the world devoted exclusively to fixed income Investment philosophy:
  • founded on proprietary, fundamental research
  • seeks to capitalise on market inefficiencies
  • security analysis combines quantitative modelling and rigorous qualitative judgment
  • team approach enables investment professionals to share market knowledge

Research focused - There is no substitute for independent research.
Standish Mellon relies on proprietary research to make sound investment decisions for every client. They work diligently to uncover investment opportunity, combining quantitative analysis with in-depth fundamental research and advanced technology with practical business experience.

Globally insightful - The world is a much smaller place today.
Standish Mellon professionals recognize the broad reach of global events. The research pays close attention to varying economic landscapes, social and political conditions, and capital market activity around the world.

Team-based - A solid investment strategy is the product of many skills.
They follow a disciplined decision-making process and practice team management in all Standish Mellon investment strategies. The Standish Mellon culture supports consensus building by making it possible for their investment professionals to easily share complementary sources of market knowledge.

Risk averse - Risk is as important as return.
That is why as much time is spent researching the possible downside of an investment idea as we do the potential opportunity. To further guard against unwarranted risk, portfolios are judiciously diversified and continuously monitored by both investment and compliance teams.

^{*Founded in 1933 as Standish, Ayer and Wood and renamed Standish Mellon Asset Management in 2001}

^{** Source: Standish Mellon Asset Management, LLC as at 30 June 2007. However from 29 Jun 2005, the value of securities lending collateral is not included in AUM for Standish Mellon.}