Fund management firm Ashburton is celebrating after its American Equity fund was awarded an A-rating by Standard & Poor's.
According to Lipper stats, over three and five years the fund, managed by Nick Skiming, has returned 57.54% and 101.89%, compared to the MSCI North America Index returns of 25.77% and 75.73%, respectively.
Stephen Kearns, product development director at Ashburton, says: “This is great news and testament to the team's investment expertise and skill.
“It also reflects the distinctive and successful active management process applied to the fund.
“Nick has 20 years of investment experience behind him, five of which have been at Ashburton since he took over management of the fund in 2002.”
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