Baring Asset Management is the latest investment firm bidding to take advantage of economic growth in China by launching two funds.
Barings says both the Baring China Growth and the Baring China Select funds, set for a May launch, will be actively-managed best idea funds designed to achieve long-term capital growth.
The China Growth fund will be established as a UK domiciled investment company with variable capital (ICVC), while the China Select fund will be registered as an Ireland domiciled OEIC.
Both will be managed by William Fong and Agnes Deng, who currently manage the Baring Hong Kong China fund.
Fong says: “Despite recent market turmoil, we believe China and its related markets will continue to be strong drivers of global growth and highly resilient economies.
“In our opinion, the sell off has created many attractive investment opportunities. While we expect to find the majority of the investment opportunities in Hong Kong and China, it is possible to find companies with the potential to benefit from the development of China in countries such as Taiwan and Singapore where companies have extensive trade links with China.
Barings’ marketing director, Ian Pascal, adds: “We are launching these funds in response to investor demand. The establishment of a UK fund will, we hope, prove very attractive to UK investors, given our credentials in this area."
Initial investment on both funds will be £2,000 with a top-up investment of £500. Initial charge is 5% with a 1.5% AMC and both products are available on platforms Skandia, Royal Skandia, FundsNetwork and Cofunds.
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