Includes top-performing Global Energy Fund and award-winning India Equity Opportunities Fund.
Ashburton Investments, the asset management business of the FirstRand Group, today announces the launch of sterling share classes within its UCITS range.
The extended offering for UK investors includes the Global Energy Fund and the India Equity Opportunities Fund, two of Ashburton’s top performing funds, as well as its Africa Equity Opportunities Fund and India Fixed Income Opportunities Fund.
Matthew Kemp, Head of UK Wholesale for Ashburton Investments, said, “The launch of these sterling share classes will complement the existing dollar offering and reinforces Ashburton Investments’ commitment to the UK market which reflects the appetite amongst clients within the UK Wholesale market. It will also improve accessibility to the funds across several platforms.”
The US$40m AUM Global Energy Fund (as at 1 May 2016), domiciled in Luxembourg and managed by Richard Robinson in Jersey, recently celebrated its three year anniversary. The Fund invests across the energy universe with a particular focus on managing the cyclicality of the oil price. It has consistently ranked in the top decile and has also ranked 2nd out of 191 against its peers since launch.*
The India Equity Opportunities Fund has a 4* Morningstar rating as well as Citywire Silver and AAA ratings for its strong performance over three years. The Fund has a robust track record, returning +64.3% since its launch in September 2012, outperforming its benchmark by 41.8% and is ranked in the top decile of its peer group.**
Richard Robinson, Fund Manager for the Global Energy Fund in Jersey, added, “Despite prolonged volatility, opportunities remain within the energy sector particularly in infrastructure development as the industry adapts to shifts in demand as well as for funds that can proactively manage the cyclical nature of oil prices. We’ve seen great results with our strategy, which has been reflected in demand and has contributed to the launch the new sterling share class.”
The funds are part of the Ashburton Investments Luxembourg-domiciled SICAV range.
The minimum investment into the newly created share classes is the GBP equivalent of US$100,000 for the institutional class and US$10,000 for the retail share class.
*Source: Morningstar as at 30 April 2016
**Source: Morningstar as at 31 March 2016