Ashburton launches sterling share class for energy and emerging market funds


African and Asian specialist Ashburton Investments is launching sterling share classes for four Ucits funds in the energy and emerging markets space.

The funds include the Global Energy and Africa Equity Opportunities funds, as well as the India Fixed Income Opportunities and India Equity Opportunities funds.

The funds, which require a minimum investment of $10,000, are part of Ashburton Investments’ Luxembourg-domiciled Sicav range.

The $40m Global Energy fund, which has ranked second out of 191 peers since its launch three years ago, has a particular focus on the cyclicality of the oil price.

The India Equity Opportunities fund has returned 64.3 per cent since its launch in 2012, outperforming its benchmark by 41.8 per cent.

The African Equity Opportunities fund has seen -29.1 per cent returns since its 2013 launch, compared to -26.9 per cent for the benchmark.

Richard Robinson, fund manager for the Global Energy fund, says demand has contributed to the launch of the new share class.

“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.”