Ashburton Investments, the investment arm of the FirstRand Group, has had its GBP share class funds added to the Ascentric UK platform.
The arrangement will extend Ashburton’s offering and accessibility for UK investors into its equity and multi-asset funds.
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 will now be available on the Royal London-owned platform.
Matthew Kemp, head of UK wholesale for Ashburton Investments, says: “I am delighted that our funds are now available on Ascentric, this enables us to extend the reach of our service to the UK Investors.”
Justin Blower, head of sales at Ascentric, says: “The addition of Ashburton’s funds on our platform adds additional breadth to our already extensive fund range. Adviser demand dictates the addition of funds on the platform and we are happy to provide the tools needed to help them build their portfolios.”
The USD45 million AUM Global Energy Fund recently celebrated its three year anniversary and attained a 5-star Morningstar rating as well as a Citywire AA rating for performance over that period. 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 is ranked second out of 188 against its peers since launch.
The India Equity Opportunities Fund has a 4-star Morningstar rating as well as Citywire Silver and AAA ratings for its strong performance over three years. The fund has returned 87.62 per cent since its launch in September 2012, outperforming its benchmark by over 50 per cent and is ranked in the top decile of its peer group.
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 USD100,000 for the institutional class.