Baring Asset Management, the international investment management firm, has converted the Baring Portfolio Fund into a more flexible multi-asset product.
The fund is renamed as the Baring Dynamic Capital Growth Fund and was made available from 1 November 2014.
It is managed by Alison Huang, a member of Barings’ 10 strong multi-asset team. The investment objective of the fund is to achieve long-term capital growth through investments globally.
Marino Valensise, head of the Baring Multi Asset Group, says: “Barings has a long track record in multi asset investing, with a well-resourced and experienced team. This product is designed to bring our multi asset capability and experience to market at a lower price point which will suit members of pension schemes that fall under the new auto enrolment legislation, which comes into effect in April 2015.”
The Baring Dynamic Capital Growth Fund will seek to achieve its objective of long term capital growth through dynamic asset allocation whilst aiming to keep the level of risk to a maximum of 80 per cent equity risk. The fund will use three-month LIBOR plus three per cent as a performance comparator. The fund will invest directly and indirectly in equities, fixed income securities, money market instruments, commodities and cash.
The changes to the investment objective and policy were made to move the fund to a more flexible style of investment management in line with implementing a dynamic multi asset strategy. The changes will also enable the fund manager to respond more efficiently to changes in the economic market environment, implement the investment strategy in a cost effective manner and manage risk more effectively.
The fund will be able to increase its exposure to collective investment schemes including index tracking and exchange traded funds giving investors the benefit of accessing a cost effective approach to dynamic asset allocation.
