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Baring opens emerging markets fund to retail market

Baring Asset Management has created a retail share class for its UK domiciled emerging markets fund that was previously available only to institutional inve

The fund had assets under management of  £41.2m as at September 30. It complements Baring’s range of existing regional and single country emerging market funds and is available through platforms such as Cofunds and Fundsnetwork.   

The fund aims to outperform its benchmark, the MSCI Emerging Markets index, by investing in emerging market equities using a growth at a reasonable price philosophy. It will invest in 55 to 65 stocks that have under-recognised growth opportunities and look likely to produce positive earnings.

The fund is managed by the company’s global head of emerging markets James Syme and investment manager Paul Wimborne, who run the offshore fund of the same name.

Syme joined Barings in October 2006 from SG Asset Management, where he spent nine years. Previously, he was an emerging markets portfolio manager at Henderson. Wimborne also joined in October 2006, from Insight Investments and has 11 years investment experience. He previously worked at Rothschild Asset Management.

The managers can call on Baring’s team of global emerging markjet equity analysts based in Hong Koing and London. They will cover equities in Latin America, Asia exclusing Japan, Eastern Europe, the Middle East and Africa.

Baring expects emerging markets to show strong earnings growth going forward despite gains already made this year. It believes the events of 2008 have created opportunities for investor to build emerging markets exposure at attractive prices and saysinvestors are increasingly seeing emerging markets as a core part of their investment portfolio.

Investors who are taking the plunge rather than sitting on the sidelines may be tempted to invest by the Baring team’s experience in emerging markets.

Asurvey recently conducted by Ignis Asset Management found that the majority of investors it surveyed believe emerging markets will be the best performing equity market region over the coming years.

However, this does not indicate that investors are piling in to emerging market funds, as a third of investors surveyed had no emerging markets exposure, while 72 per cent had less than 10 per cent exposure to the sector.


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