The asset management arm of the FirstRand Group, Ashburton Investments has entered a strategic partnership with Fidelity International to enhance multi asset offering.
Ashburton will continue to be responsible for strategic asset allocation across the company’s existing range, which has $850m assets under management.
The funds’ investment objectives remain unchanged, with Ashburton Investments maintaining responsibility for global macro views, tactical asset allocation and client distribution. This enhanced offering sees Fidelity International’s multi asset team provide advisory services on security and fund selection, as well as support and implementation of asset allocation decisions. Strategic asset allocation is driven jointly by both firms.
Boshoff Grobler, CEO of Ashburton Investments, said: “Ashburton Investments’ multi asset funds have long been an attractive diversification strategy, having delivered consistent inflation-beating returns for investors.
“In the face of changing global business models in an increasingly complex world, we believe we can further enhance the quality of our funds by partnering with Fidelity International.”
Jeff McCarthy, Chief Strategy Officer of Ashburton Investments, said: “With access to Fidelity’s global research network and expertise, Ashburton Investments will continue to build on our 36-year track record in global investing. This will allow us to create an even better offering for our investors.”