Baring Asset Management is set to expand its multi-asset presence in 2015 to cope up with increasing demand for diversified strategies.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new move come following the company’s recent launch of a fund in this early November aimed at the pensions market, for which it converted its multi-asset £32.9m Baring Portfolio fund into the Baring Dynamic Capital Growth fund, reports FT Adviser.
The fund was then relaunched to cater to "members of pension schemes that fall under the new auto-enrolment legislation".
A total of three key members of the firm’s multi-asset team namely Percival Stanion, Andrew Cole and Shaniel Ramjee departed in August, and according to FE Analytics data, the multi-asset fund had lost nearly 35% of its assets under management following their exit.
Baring’s UK wholesale distribution head, Rod Alridge, said that the multi-asset investment now led by Marino Valensise has recovered and is well-positioned to provide cost effective multi-asset solution in the UK auto-enrolment market and defined benefit schemes.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe firm has also hired Sonja Laud in their multi-asset team this year, and expects that her experience in income investing will help develop income-driven multi asset strategies across multiple jurisdictions in next year.
Plans are further on to invest in the actively managed equity area and fixed income products, focusing on emerging market and European equities, as well as high-yield and emerging debt on the fixed income side.
Alridge added, "As we look forward to 2015, we plan to make full use of the license we were granted in recent months to use offshore yuan to invest in mainland China’s securities markets under the RQFII programme.
"We continue to see strong long-term potential for the securities markets in China, fixed income as well as equities, and see the ability to invest directly in the domestic market as a key part of our investment proposition."
At the same time, the firm has unveiled plans to come up with a range of locally domiciled funds in Hong Kong in the early part of the year, subject to go-ahead from regulatory bodies.
