Leverington urges longer-term view on underperforming fund

Ashburton International Equity manager believes vehicle will prevail over longer term despite underperforming MSCI benchmark by nearly 10%

Ashburton International Equity, managed by Ian Leverington, has underperformed its benchmark MSCI World Equity index by nearly 10% so far this year. However, since the fund was launched 16 years ago investors would have more than doubled their investment and Leverington says it is a longer-term view that will help the fund prevail. The £22.56m International Equity vehicle takes the best ideas from Ashburton's four regional funds - Americas, Asia Pacific, European and the more recently launched Chindia Equity. Leverington says: "The managers and research analysts from these funds use a...