THE ASSET MANAGER CODE

WHAT DOES THE CODE COVER?

     The principles of the Code outline the ethical and professional responsibilities of firms that manage assets on behalf of clients while allowing flexibility in implementation for asset managers of various sizes and structures.

The Code provides practical guidelines in six main areas of conduct designed to apply facets of the manager-client relationship:

1. Loyalty to clients
2. Investment process and actions
3. Trading
4. Risk management, compliance and support
5. Performance and evaluation
6. Disclosures
   
   

Supported by specific guidance, the general principles of the Code state that investment managers have those responsibilities to their clients:

• To act in a professional and ethical manner at all times
• To act for the benefit of clients
• To act with independence and objectivity
• To act with skill, competence and diligence
• To communicate with clients in a timely and accurate manner
• To uphold the rules governing capital markets
  
  

WHO BENEFITS?

     Both investors and asset managers who value high ethical and professional standards benefit from the adoption of a universal code of conduct.