Ashburton issues Chindia fund

Ashburton has launched a fund that invests in China and India, and gained distributor status for its America, Asia Pacific and European equity portfolios. The Chindia Equity fund, managed by Jonathan Schiessl, will invest in these two countries as well as companies traded in other markets where growth in their business is set to derive from these regions. Schiessl said: "China is expected to grow at a rate of 8% to 10% per annum for the foreseeable future, while a growth rate of 8% per year is projected for India. This growth will be primarily driven by demographics as the working popula...