Barings Asset Management is set to soft close its £1.5bn Europe Select fund following tripling of the portfolio’s size.
According to Barings head of EMEA wholesale distribution Rod Aldridge, the move has been initiated to manage further inflows as assets in the fund tripled over the last five years.
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The European equity fund, managed by Nicholas Williams, will attain a limited issue status from 23 May.
Following this date, the fund will cease to accept subscriptions from new customers and will not be added to new platforms, though it will continue to accept additional investment from current customers and platforms.
The size of the fund would be monitored, and the fund could also reopen under certain circumstances, Aldridge added.
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