Ashburton launches Chindia fund

The Jersey domiciled Chindia Equity fund, managed by Jonathan Schiessl has a minimum investment of £10,000. An initial fee of 5% is charged as well as a 1.75% annual management fee. Ashburton decided to launch the fund as 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. Schiessl said: “This growth will be primarily driven by demographics as the working population of both countries is expected to increase by 250m by 2020. Furthermore, reliance on growth from exports is decreasing in both China...