Ashburton’s European Equity Fund has retained the Award for ‘Best Europe Large Cap Fund’ at the annual Morningstar Fund Awards which were held in Cape Town on Wednesday (9 March).

The investment firm has once again been recognised for its consistent performance and active investment philosophy at the Morningstar Awards which recognise funds that have added the most value within their peer groups for investors over the past year and longer-term. The accolade for ‘Best Europe Large Cap Fund’ was given to the fund with the best risk-adjusted performance within this Morningstar Category, subject to qualitative review.

Since Ashburton launched the European Equity Fund in 1997, it has returned 234.39% and outperformed its MSCI benchmark by 95.78% (source: Lipper as at 28 February 2011). The Fund also holds A-ratings from both Standard and Poor’s (S&P) and OBSR (Old Broad Street Research), reflecting the distinctive and successful management process applied to the Fund.

Lead Manager of the Ashburton European Equity Fund, Richard Robinson, said:

“We adopt a common sense approach and our allocation rationale is not determined by our benchmark’s weightings. Instead, it is driven by perceived investment opportunities, which can often lead us to profitable sectors that have historically been ignored. Europe is increasingly drawing on global themes rather than domestic stories. Our approach enables us to identify and benefit from those sectors which derive a portion of their earnings from outside of Europe.”

Mr Robinson recently presented at Ashburton’s Investment Briefing in Jersey and Guernsey last month, where he spoke about the European Equity Fund’s ‘Death of cheap oil’ theme and opportunities for investing within the oil sector.

This is the second award that Ashburton has received in recent months, with its Replica Euro Asset Management Fund achieving recognition for ‘Best Offshore Global Asset Allocation Fund’ for the third year running at the South African Raging Bull Awards held in January.


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