Ashburton launches Global Energy fund


Ashburton has unveiled a global energy fund as part of its new Ucits fund range.

The Luxembourg-domiciled Ashburton Global Energy is a Ucits IV fund launched on the 22 May 2013, according to Ashburton’s Ucits website.

Asburton’s Richard Robinson has taken the position as lead manager of the fund. Robinson is also currently lead fund manager of the Ashburton European Equity fund.

Alan le Maistre is assistant manager on the fund, in addition to his position as assistant manager for Ashburton’s European equities team.

Using the MSCI Energy Index as a benchmark, the fund looks to invest a minimum of 75 per cent in companies involved in oil, gas, coal, renewables and other energy sources listed globally.

It also has the capacity to invest up to 10 per cent in unlisted companies. There is an additional option for the fund to invest in other funds, including ETFs.

Minimum investments are $10,000 for the retail share class and $100,000 on the institutional share class. The fund carries a maximum annual management fee of 1.5 per cent, depending on the share class.

The introduction of the Ashburton Global Energy fund comes closely after Ashburton also launched its Africa Equity Opportunities fund two weeks ago at the end of May.