11 Feb, 2008
Published: 11:20 Monday 11 February 2008
By: Nicholas Paler, Investment Reporter
Asset Management is planning to expand its range of China funds by
launching a China Growth and a China Select fund.
The China Growth fund, structured as a UK domiciled investment
company with variable capital (ICVC), will be headed up by managers
William Fong and Agnes Deng, members of Barings' Hong-Kong based
Asia Pacific team.
The same duo will also head up the Select offering, an Irish
Both funds will be actively managed and comprise the pair's best
ideas, with Fong and Deng buying companies across the whole market
Fong said: 'Despite recent market turmoil, we believe China and its
related markets will continue to be strong drivers of global growth
and highly resilient economies, and in our opinion the sell-off has
created many attractive investment opportunities.'
He added that the two funds were flexible, given that they could
invest across the full China-related investment universe.
Barings' marketing director, Ian Pascal, said: 'The establishment
of a UK fund will, we hope, prove very attractive to UK investors,
given our credentials in this area.'
Fong and Deng already run the firm's Baring Hong Kong China fund,
launched in 1982, which has delivered an annualised return of
Subject to regulatory approval, the new funds are scheduled to
launch in May.