Ashburton Investments has launched its new equity fund, the ‘Ashburton Global Equity Growth Fund’.
The fund is a SICAV fund domiciled in Luxembourg under the UCITS regime. The fund invests in a diversified range of companies, with a minimum of 80 percent invested in global equities. It complements Ashburton’s existing Global Leaders Equity Fund, also managed in Jersey, which invests in mega capitalisation companies only.
The fund is primarily designed for longer term investment over 3 – 5 years and is aimed at both institutional and retail investors.
Management of the new fund and equity selection is the responsibility of the Jersey based investment team headed by James Cooke, Director of Investments and Head of Global Equity, Ashburton with Kathy Davey (shown in the main picture), Investment Manager.
James Cooke commented: “With our new fund, we invest in quality companies that we believe look to deliver above market levels of earnings growth on a sensible valuation. We choose from a wide equity selection, including many smaller firms where we have identified good growth prospects. We have seen valuations in many high growth companies fall considerably in the current market and so we are in a good environment in which to buy for the long term.”
The same strategy has been available from Ashburton previously but in portfolio form only. During a five-year period, the portfolio has provided returns ahead of both benchmark and peer group.
James added: “We are one of the few investment houses in Jersey with its own experienced stock picking and market analysis team and we are delighted to be launching this latest fund, which we have based on a strategy that has already enjoyed a strong performance in portfolio form.”