Ashburton Investments won three Raging Bull Awards for its fixed income and offshore equity solutions last night.
The Atlantic BCI Stable Income Fund was named ‘Best South African Interest-Bearing Short-Term Fund’ while the Ashburton Chindia Equity Fund won twice for ‘Best Offshore Far East Equity General Fund’ and ‘Best Offshore Far East Equity General Fund on a risk-adjusted basis’.
It is the third consecutive year that the Ashburton Chindia Equity Fund has won the Best Offshore Far East Equity General Fund on a risk-adjusted basis and the second year for the Atlantic BCI Stable Income Fund.
“These accolades are a great honour and I would like to congratulate fund managers that work on the funds. The consistency and diligence in managing these funds is certainly showing through such recognition,” said Boshoff Grobler, CEO of Ashburton Investments.
Craig Farley and Simon Finch co-manage the Ashburton Chindia Equity Fund while Albert Botha manages the Atlantic BCI Stable Income Fund.
“I thank our fixed income and credit team for their hard work which resulted in this award. This award validates our approach to money market and credit risk management,” said Albert Botha.
The Atlantic BCI Stable Income Fund differs from a money market fund in that the investment manager is able to invest in income generating instruments that have a slightly longer duration than a traditional money market fund.
Craig Farley said, “We are delighted to once again be recognised as the go to fund for access to China and India’s equity markets. To have now received three successive accolades demonstrates the consistency of our investment philosophy, built upon a strong foundation of a blended investment approach.”
“China and India remain the core focus of Ashburton Investments’ emerging market strategy. It is becoming increasingly evident that these two countries will produce better returns than a broader emerging market approach, something we have identified for nearly 15 years,” said Simon Finch.
Ashburton Chindia Equity Fund invests in companies traded in other markets where a significant proportion of growth in their underlying business is set to derive from China or India.
“We look forward to many more years of continued success in these two markets and rewarding times for our clients.”
The awards, which recognise the stars of the collective investment, took place in Cape Town yesterday, 31 January 2018. The Raging Bull Awards cover domestic (South African domiciled) and offshore funds which are approved by the Financial Services Board (FSB).