Ashburton ups Euro equity weightings across range

The Jersey-based fund manager began the year with neutral equity weightings on its Sterling range of funds, which are distributed in the UK, and has gradually been building these up. Last week it made a 3pc allocation to Europe which has seen its Sterling Asset Management fund’s weighting in the asset class rise from 33pc at the end of February to 43pc on March 30. Equity weightings were shifted up on its lower-risk Sterling Advanced Portfolio from 26pc in February to 33pc and the moderate and high risk version of the fund went up from 38pc to 47pc and 57pc to 71pc respectively. Ni...