Chindia Eq uity nearing top after one year

Ashburton portfolio focuses on two key emerging regions, but can also buy US and European stocks benefiting from the Chindia story

When Ashburton launched its offshore Chindia Equity fund in December 2006, the group hailed the vehicle as unique in a crowded marketplace. Last month, the group celebrated the portfolio's first anniversary with returns approaching 60%, which would have placed it near the top of the onshore emerging market sector alongside Allianz Bric Stars. Headed up by Jonathan Schiessl, the fund is set against a 50% MSCI China and 50% MSCI India benchmark, although the manager can also buy multi-nationals operating outside these countries that benefit from the Chindia story. In 2004, Schiessl was ...