Baring Asset Management will convert the its Pacific fund to an ASEAN Frontiers fund in a bid to capture opportunities in smaller, faster growing markets in Asia.
Approximately 80% of the fund will be invested in the core ASEAN markets of Singapore, Malaysia, Indonesia, Thailand and the Philippines, while 10% will be invested in frontier markets such as India, Vietnam and Sri Lanka. The remaining 10% will have exposure to greater China. Managed by SooHai Lim, the fund will use a ‘growth at a reasonable price’ investment philosophy. The number of fund holdings is expected to remain at about 40 to 50. It will be an Irish-domiciled unit trust and use the MSCI South East Asia index as a benchmark. More than a decade after the Asian financial crisis...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes