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Ashburton Americas Equity Fund wins Raging Bull Award

05 March 2008 Ashburton

Ashburton’s Americas Equity Fund continues to deliver top quartile performance and establish market recognition with its recent achievement of Best Offshore USA Equity General Fund by the Raging Bull Awards. This follows Standard & Poor’s ‘A’ rating which the Fund, managed by Nick Skiming, was awarded last December.

The Raging Bull Awards recognise the stars of the collective investment or unit trust industry in terms of top outright performers, best risk-adjusted performers and the best unit trust management companies. The awards cover domestic (South African-domiciled) and offshore funds (funds which are not domiciled in South Africa but are approved by the Financial Services Board and can therefore be marketed to South African investors).

Ashburton’s Americas Equity Fund won the top performing fund, over a three year lump sum NAV to NAV basis, in the ‘Offshore: USA – Equity – General’ category.

Nicolas Lee, Director of Investment and Fund Management at Ashburton, comments: “This is great news and testament to Nick’s investment expertise and skills. It also reflects the distinctive and successful active management process applied to the Fund.”

With over 20 years of investment experience, Nick heads up the team with support provided by Jonathan Aldrich-Blake. Nick is an active fund manager who aims to achieve long-term capital growth by investing in a diversified portfolio of equity, or equity related securities, principally in the US but also with the freedom to invest up to 30% outside the US in mainly Canadian and Latin American regions.

Following the award success of the Ashburton Americas Equity Fund, the Rand Merchant Bank (RMB) International Equity Fund also won a Raging Bull award in South Africa for best Foreign Equity Fund, a Fund invested exclusively in Ashburton’s Equity Funds.

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