Ashburton closes Global Energy fund

Three years after sterling share class launch

Ashburton is closing its Global Energy fund due to the low level of assets in the strategy.

The fund was suspended on 25 March and liquidation began on 5 April. Run by Richard Robinson, the fund's assets stood at $27.4m (£20.1m), according to the February fact sheet.  Asburton launched the sterling share class of the Global Energy fund in June 2016 in response to client demand. Tony Wilshin, managing director (International) at Ashburton Investments, commented: "At Ashburton Investments, we regularly review our product offering to ensure we are best-serving the needs of our clients.  Ashburton's Robinson: 'Blizzard' of supply issues could push oil prices beyond $120 ...