Barings closes targeted return multi asset fund following outflows

£92m fund 'unlikely to attract new investment'

Kathleen Gallagher
clock • 1 min read

The £92m Barings Multi Asset fund is the latest targeted absolute return fund to close following continuous outflows, Investment Week has learned.

The fund, managed by Christopher Mahon and Alison El-Araby, struggled to meet its objective, to generate a return in excess of UK inflation, last year. It lost 14.7% gross of fees from end of March 2019 to the same period in 2020, according to FE fundinfo. This compared to its performance comparator RPI, which was 2.6% for the period. Over a three-year period, Barings' target timeframe, the fund just managed to outperform RPI which was 2.2%, compared to the fund, gross of fees, which returned 2.4%. "Following a thorough review of our UK multi asset business and as a result of indus...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Three Invesco funds fail to deliver value to investors

Three Invesco funds fail to deliver value to investors

Manager's annual assessment found some poor performance

clock 14 May 2025 • 2 min read
Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read