Ashburton sticks to the mainstream

Ashburton is launching a dollar equivalent of its Isle of Man-based international equity fund. The £120m Sterling International Equity fund was launched in 1992 and the new fund will mirror its asset allocation exactly. The minimum investment is $40,000 with a 1.5% annual management charge. The total expense ration will come to around 1.8%. The initial charge is 5% of which 4% is available as commission. Trevor Falle, business development director at Ashburton, said: "The sterling fund has enjoyed outstanding performance since launch and there has been considerable demand both from our in...