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Ashburton Launches New Euro Asset Management Fund

by Carla Johnson, Investors Offshore.com

22 May 2003

Jersey-based Ashburton this week announced the launch of a new Euro Asset Management Fund within its Replica Umbrella Fund.

Explaining the reasoning behind the new vehicle's launch, Trevor Falle, the investment management firm's managing director announced: 'There is an appetite for euro denominated products and, therefore, it is an appropriate time for us to extend the range of investment options available to our clients through our award winning Replica range.'

He went on to add that:

'It is now typical for investors living in a jurisdiction without a strong currency of its own to consider investment in euro, as well as in sterling and US dollars to diversify currency risk.'

Ashburton Replica Portfolio Limited, domiciled in Jersey, operates as an unclassified Umbrella Fund, and offers a range of funds- including Sterling and US Dollar Asset Management- where all the investment income is re-invested.

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