Ashburton’s Euro Asset Management Fund has achieved recognition for ‘Best offshore Global Asset Allocation Fund’ at South Africa’s Raging Bull Awards held on 27 January 2010. The Fund achieved the highest PlexCrown ranking in ProfileData’s Offshore Global Asset Allocation Flexible and Prudential sectors for the second year running. In addition, the RMB International Equity Fund, which invests exclusively in Ashburton’s Equity Funds, also won a Raging Bull award for best Foreign Equity Fund.
Ashburton added the Replica Euro Asset Management Fund to its Multi Asset Funds range in 2003 and since it was launched, it has returned 30.79%, outperforming its peer group average by 27.06% (source: Lipper as at 31 December 2009). The Fund is actively managed and aims to provide low volatile, consistent returns over the long-term. The Fund is restricted to not more that 50 percent in equities, 70 percent in bonds and a maximum of 50 percent exposure outside its base currency.
Ashburton Investment Strategist, Tristan Hanson said “We place great emphasis on a rigorous investment process as this is the best way to ensure strong historic performance is achievable on a sustained basis. Over long periods of time we believe these Multi Asset Funds will provide a significant accumulation of wealth, without much of the pain and volatility that vicious swings in individual markets can bring.”
Michael Jordaan, CEO of FNB, commented ”Ashburton is an integral part of FNB’s Wealth Segment. It provides our clients with a wide range of successful global investment products and I am delighted that it has won yet another Raging Bull award, once again highlighting its standing in the South African market as a leading offshore investment house.”
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).
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