The global equity market declined largely due to concerns over the spread of the Coronavirus. With the exception of oil sector positions in BP and Shell, the operations of the portfolio’s holdings have to date been relatively un-impacted.
Broadly flat during January which was pleasing given a falling market.
The global equity market declined largely due to concerns over the spread of the Coronavirus. The operations of the portfolio’s holdings have to date been relatively un-impacted. One exception however is sportswear manufacturer Shenzhou
The Ashburton Global Strategy Fund provides the FNB Advisory Wealth Solutions (CATII) with its offshore exposure and reflects the current macroeconomic house view of Ashburton.
Dr James Cooke, Head of Global Equity Research, explains our investment philosophy, why Ashburton Investments continually looks to invest in good quality companies and what “quality” actually means to us.
Our Global Equity Growth strategy performed well in January gaining 0.8% against a falling market.
The Ashburton Global Strategy Fund returned 1.33%
The global equity growth portfolio returned 3.3%
Our Global Equity Income strategy declined 0.8% against the wider market which fell 1.1%.
The fund/strategy returned 2.1% in the month, bringing year to date performance to 22.3%
The Global Equity Income portfolio returned 1.5%
The Global Equity Income Strategy returned 1.2%
The Fund returned 1.9%. The consumer staples sector performed poorly during the month.