Barings looks to rising energy prices with new MENA fund

Managed by Dr Ghadir Abu Leil-Cooper, head of Barings' emerging Europe, Middle East and Africa equities team, Baring MENA fund will aim to provide long-term capital growth. Leil-Cooper explained that the region has strong investment prospects, with economic growth rates likely to rise by more than 5pc annually for the next few years. This will be driven by high oil and gas prices, infrastructure spend and consumption, whilst growth has a low correlation with the rest of the world. She commented: "With rich oil and gas resources the area has benefited significantly from the rise in globa...