Consequently the fund has been renamed the Japan equity fund.
The fund’s previous mandate was to invest in securities listed on the stock markets of Asia, Australia and the Pacific basin but since its inception in 1997, a large part has invested in Japanese companies.
Following a strategic review and feedback from Ashburton’s clients requesting a more focused mandate, the fund’s investment objective and name has been changed to focus purely on Japan.
Jonathan Schiessl will continue to manage the fund.
He says: “This long overdue change should result in significant opportunities for investors. Japan has a plethora of companies that will benefit directly and indirectly from these changes.”