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Ashburton Global Sterling Managed Income Fund
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Ashburton Global Sterling Managed Income Fund
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Ranking
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Sector:
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Global-Fixed Interest-Other Income |
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Size:
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(GBP) 34 610 000 |
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Sector Rank:
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7 out of 9 |
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(lump sum over 3 years to 28 Feb 2010)
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Overall Rank:
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94 out of 184 |
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(lump sum over 3 years to 28 Feb 2010)
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| R20000 invested on 28 Feb 2007 was worth R18 138 at 28 Feb 2010 |
((3.21)% annual compound return)
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| R5000 per month since 28 Feb 2007 was worth R160 377 at 28 Feb 2010 |
((7.60)% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Mr Nick Lee |
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| Mr Peter Lucas |
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Focus and Objective
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The investment objective is to generate a competitive level of distribution without undue risk to capital through an internationally diversified portfolio of fixed interest securities, money market instruments and cash deposits. An active management approach is utilised to identify opportunities across the geographic and credit rating spectrum with cash seen as a specific asset class for use at times of bond market weakness. Individual securities are predominately AAA rated with a maximum of 20% allowed in investment grade securities less than A rated and a maximum of 10% allowed in sub investment grade securities. A currency overlay strategy is utilised whereby the maximum exposure to non-base currencies, after hedging, is 50%.
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Technical Overview
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| Benchmark: |
None |
| Administration fee: |
Nil |
Is this fund a roll-up fund? |
No |
| Allows debit orders? |
No |
Management fee (p.a.): |
1.00% |
| Base currency: |
GBP |
Min lump sum: |
£10 000 |
| Broker comm payable? |
Yes |
Minimum lump sum: |
£10 000 |
| Can divs be reinvested? |
Yes |
Performance fee? |
No |
| Domicile: |
Jersey |
Pricing system: |
Forward |
| Exit fee? |
No |
Risk rating: |
Low-Medium |
| Formation date: |
01 Jan 1995 |
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| Income declaration: |
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Income payment: |
15 January, April, July and October |
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