Ashburton Global Equity Growth Fund

Quality, compounding stocks, generating sustainably growing excess cash returns

Select fund class

  • Global Equity Growth Fund: Q4 2024

    Kathy Davey

    The biggest news for the final quarter of 2024 was Donald Trump winning the US election. Global markets largely tracked sideways over the quarter, however, the election of President Trump was received positively by the US stock market and the S&P 500 gained 2.4% over the period.

  • Global Equity Growth Fund: September 2024

    Kathy Davey

    In September there was a much-anticipated cut in the US Federal Funds rate of 50bps with Federal Reserve Committee minutes mentioning confidence that inflation is moving sustainably towards the 2% target. Outside of the US, China announced a slew of prospective stimulus measures to revitalise their economy.

  • Global Equity Growth Fund: August 2024

    Ashburton Investments

    August was a tale of two halves, starting off on a negative note with the Bloomberg World Index dropping 6.5% in the first few days. One of the catalysts for the negative sentiment was a surprise Bank of Japan (BoJ) rate hike. This caused an unwind of the YEN carry trade. This had been predicated on a weak Yen and relatively low Japanese interest rates and had supported large amounts of Japanese capital moving offshore into foreign equity markets.

  • Global Equity Growth Fund: July 2024

    Ashburton Investments

    July saw many companies report earnings, with aggregate average sales and earnings growth of 4.6% and 11.0%, respectively, for all companies reporting globally.

  • Global Equity Growth Fund: June 2024

    Ashburton Investments

    In the USA, France, and UK, political transitions are expected following imminent elections. These “lame duck” periods can create uncertainty in markets as outgoing leaders finalise their terms.

  • Global Equity Growth Fund: May 2024

    Ashburton Investments

    Global equity markets rose in May. Overall, the FTSE All World Index gained 4.1% while the Ashburton Global Equity Growth Fund (I class USD) returned 4.8% Outperforming stocks held during the month included Nvidia (26.9%), Ambarella (26.7%) and Rexel (20.7%)

  • Global Equity Growth Fund: April 2024

    Ashburton Investments

    Economists often use all available time or word count to explain the past, then offer a balanced view of the future. Ideally, investors would focus more on their long-term forecasts, valuations, and views, largely ignoring the near term.

  • Global Equity Growth Fund: March 2024

    Ashburton Investments

    March was another positive month for global equities with the FTSE All-World Index gaining 3.1%. The energy and materials sectors were particularly positive with the equity market rally broadening out from Artificial Intelligence (AI) stocks.

  • Global Equity Growth Fund: February 2024

    Ashburton Investments

    February 2024 saw the global equity market continue its recent pattern with share price momentum and companies with higher growth rates providing better performance. Index returns continue to be driven by the narrow number of companies delivering great earnings growth.

  • Global Equity Growth Fund: December 2023

    Ashburton Inevstments

    Global equity returns continued to be positive in December with the FTSE All World index (USD) climbing +4.8%. Inflation fell faster than expected in several western economies.