Fact sheet: Ashburton India Eq Opp

Fund information
Fund name
Ashburton India Equity Opportunities D
Fund manager company
Ashburton Investments
Fund type
Offshore Fund
Fund managers
  • Simon Finchsince 10/09/2012
  • Craig Farleysince 10/09/2012
  • Jonathan Schiesslsince 10/09/2012
Fund objective
To achieve long-term capital growth through equity or equity related investments predominantly in the stock-markets of India. The Fund will also invest in companies traded in other markets where a significant proportion of growth in their underlying business is set to derive from India.
Benchmark
  • MSCI India
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
11.4%
1 Year rank in sector
32/47
Sector
FO Equity - India
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.26%
Fund size
£103m (£61m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
122
Top in this sector
Fund name1 Year
Kotak India Mid Cap41%
Gateway to India39.4%
Baring India36.4%
GS India Eq Pfl36.3%
Franklin India36.2%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India94.6%
    Money Market5.4%
  • Financials25.5%
    Consumer Discretionary16.1%
    Industrials16%
    Information Technology14.1%
    Materials8.1%
  • Indian Equities94.6%
    Money Market5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%13.5%17.5%11.4%--
Sector3%13.9%18.9%14.1%63%48.9%
Rank within sector8 / 4720 / 4823 / 4732 / 47--
Quartile1st2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.3%-0.8%---
Sector12.5%-1.8%34.7%-6.4%21.2%
Rank within sector30 / 4723 / 47---
Quartile3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high17.36
52 week low12.94
Current bid price-
Current offer price-
Current mid price17.16
Region
1India94.63%
2Money Market5.37%
Industry sector
1Financials25.47%
2Consumer Discretionary16.09%
3Industrials16%
4Information Technology14.07%
5Materials8.1%
6Utilities5.98%
7Health Care5.83%
8Money Market5.37%
9Energy3.09%
Asset type
1Indian Equities94.63%
2Money Market5.37%
Individual holdings
1HOUSING DEVELOPMENT FINANCE CORP7.25%
2HOUSING DEVELOPMENT FINANCE CORP7.25%
3INFOSYS LTD5.88%
4HCL TECHNOLOGIES4.99%
5HCL TECHNOLOGIES4.99%
6TUBE INVESTMENTS OF INDIA4.71%
7TUBE INVESTMENTS OF INDIA4.71%
8TATA MOTORS LTD4.47%
9SUN PHARMACEUTICALS INDUSTRIES4.03%
Management
Fund manager group
Ashburton
Fund manager company
Ashburton Investments
Fund type
Offshore Fund
Fund objective
To achieve long-term capital growth through equity or equity related investments predominantly in the stock-markets of India. The Fund will also invest in companies traded in other markets where a significant proportion of growth in their underlying business is set to derive from India.
Benchmark
  • MSCI India
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Simon Finch10/09/2012Simon Finch is a fund manager of the India Equity Opportunities Fund. Finch joined Ashburton in 2007 and has 15 years’ experience in the finance industry. Qualifying as a Chartered Accountant in 2004, and becoming a Fellow in 2014, Finch also holds the IMC designation as well as a BA (Hons) in Finance from the Nottingham Business School. Finch also assists on the management of the Chindia Equity Fund, now in its ninth year.
Craig Farley10/09/2012Craig Farley is a Fund Manager at Ashburton. He joined the company in 2003 after graduating from the University of Reading with an upper second class degree in Business and Management. Having initially worked on the Americas Fund, Craig moved to the Asia desk in August 2005 to work alongside Jonathan Schiessl in managing Asian equities. Principal responsibilities now include lead manager for the Chindia Fund and co manager of the India Equity Opportunities Fund, which was launched in September 2012. Craig is currently undertaking a Masters in Finance and Investment Management at the London School of Business and Finance, specializing in quantitative statistics. The Chindia Fund recently won two of South Africa's Raging Bull 2016 accolades for top investment performance.
Jonathan Schiessl10/09/2012Jonathan Schiessl is an Investment Director and Head of Equities for Ashburton International. Schiessl joined Ashburton in 2000 and has 20 years’ experience in the investment industry.8% total return over the past three years, surpassing the 41.3% average return of all managers operating in the sector. Prior to working at Ashburton, he worked for Bank Julius Baer and other financial institutions in London. Jonathan has a Social Science (Hons) degree, specialising in Economics, from the University of Hertfordshire. Upon joining Ashburton, Schiessl was co-lead for the Asia Pacific fund, and then successfully launched the Chindia Equity Fund in 2006, of which he was the lead manager until his promotion to Head of Equities in 2014.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Denmark, Finland, United Kingdom, Guernsey, Israel, Jersey, Luxembourg, Norway, Offshore, Sweden, United Arab Emirates, United States, South Africa
Ashburton India Equity Opportunities C
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.566
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKAVV
Ashburton India Equity Opportunities D
Initial charge5.26%
Annual charge1%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price17.1561
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKAVX
Ashburton India Equity Opportunities D Acc GBP
Initial charge5.26%
Annual charge1%
Min single investment£10,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.2538
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7NG
Ashburton India Equity Opportunities I
Initial charge5.26%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price17.2553
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKAVW
Ashburton India Equity Opportunities I Acc GBP
Initial charge5.26%
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price-
Offer price-
Mid price1.2544
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7NH
Ashburton India Equity Opportunities R
Initial charge5.26%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.76%
Bid price18.7653
Offer price19.7524
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGRLX
Data provided by

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