Ashburton Indian fund manager rated in top five globally

Thursday 26 November 2015

Ashburton Investments’ Head of Equities, Jonathan Schiessl has been rated as one of the top performing Indian equity fund managers over the past three years by leading investment publication Citywire.

Ranked in the top five best performing managers for India equity funds globally in the Citywire list published earlier this month, Jonathan, who is also AAA- rated by Citywire, is the lead manager for Ashburton’s India Equity Opportunities Fund which, according to Citywire, has achieved 90.8% total return over the past three years, surpassing the 41.3% average return of all managers operating in the sector.

In addition, Citywire has also recognised Jonathan in the top 20 in four categories in its regular EuroStars rankings, which assesses over 10,000 fund managers across Europe who run a fund for sale in at least three European countries. Jonathan ranked 12th in ‘Emerging Markets Countries Equities’, 13th in ‘Global Equities’, 14th in ‘Emerging Markets Equities’, and 16th in ‘Asia Pacific Equities’.

Meanwhile, the Fund has also just achieved a ‘4 Star’ rating by Morningstar judged by its performance over the past three years.

Based in Jersey, Jonathan is an Investment Director and Head of Equities for Ashburton Investments internationally. He joined Ashburton in 2000 and has 19 years’ experience in the investment industry. The India Equity Opportunities Fund, which has also been given a ‘Gold Group Rating’ by Citywire for its strong performance, is focused on equity or equity-related investments predominantly in the stock-markets of India. In particular, it targets industrial, financial and IT companies in India.

The good news comes as Ashburton Investments’ India Equity Opportunities Fund celebrates its third anniversary, having grown over the past three years to having $76.3m in Assets Under Management (AUM) and $100.6m in strategy assets as at 31 October 2015, with the fund ranking well against peers.

Commenting on the Citywire success, Jonathan said: “To be recognised alongside the very best managers and funds in a challenging Indian market is extremely welcome news, not just for me personally, but for the entire team. It’s also extremely timely as we mark the three year anniversary of the Fund and of course with Prime Minister Modi having recently undertaken an official visit to the UK.

“We remain extremely optimistic about the outlook for India and feel that the headwinds faced by many other emerging markets are actually tailwinds for India. Against that backdrop, the Ashburton India Equity Opportunities Fund is well placed to continue to capitalise on these opportunities and offer investors access to India’s phenomenal growth story.”