Baring Asset Management is to launch two new funds investing in China. The Baring China Select fund will be a Dublin-based Oeic while the Baring China Growth fund will be an open-ended UK fund. The two funds will be launched by May 2008, subject to regulatory approval.
Both funds will be managed by William Fong and Agnes Deng, and aim to capitalise on the long-term economic growth story in China. The Hong Kong-based managers also run the Baring Hong Kong China fund, established in 1982. The funds will invest across the ‘greater China’ markets of Hong Kong, China and Taiwan, and can also invest in Singapore, where Fong says there are many companies that benefit from trade links with China. Their reference index will be the MSCI Zhong Hua (an aggregate of the MSCI Hong Kong index and the MSCI China Free index). The Dublin fund will apply for UK distributo...
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