Barings to convert struggling Pacific fund

This year to date, the Pacific fund returned -16.3% ($) and -22.3% (€), hit by local inflationary pressures and lack of exposure to Japan. The fund’s benchmark, the MSCI AC Asia Pacific index, fell 12.2% ($) and 18.5% (€). With an objective of long-term growth, the fund invests in the Pacific and Pacific Rim region. Barings says 80% of the Asean (Association of South-East Asian Nations) Frontiers fund will be invested in core Asean markets: Singapore, Malaysia, Indonesia, Thailand and the Philippines, while 10% will be invested in frontier markets such as India, Vietnam and Sri Lanka. The ...