The funds’ investment objectives remain unchanged, with Ashburton Investments maintaining responsibility for global macro views, tactical asset allocation and client distribution.
The enhanced offering sees Fidelity International’s multi-asset team provide advisory services on security and fund selection, as well as support and implementation of asset allocation decisions.
Strategic asset allocation is driven jointly by both firms.
Boshoff Grobler, chief executive of Ashburton, said: “In the face of changing global business models in an increasingly complex world, we believe we can further enhance the quality of our funds by partnering with Fidelity International.”
James Bateman, chief investment officer for Fidelity Multi-Asset, added: “This strategic partnership with Ashburton Investments reflects the depth of both of our firms’ ambitions in offering clients world class investment portfolios which truly reflect their needs.”
As of 31 March 2018, Ashburton has over £5.8bn ($8.1bn, €6.6bn) assets under management and has offices in the United Kingdom, Channel Islands and South Africa.
Fidelity International invests $324.5bn (£232bn, €264bn) globally on behalf of clients in 26 countries across Asia Pacific, Europe, the Middle East, and South America. As of 31 March 2018, Fidelity International is responsible for $106.2bn in assets under administration.