Ashburton launch new Jersey-managed equity fund

Tuesday 29 August 2023

Ashburton Investments has launched a new equity fund, the 'Ashburton Global Equity Growth Fund'.

The fund, which is domiciled in Luxembourg, invests in a diversified range of companies, with a minimum of 80% 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, Investment Manager. 

Dr Cooke said: “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.”