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Barings introduces Ucits Russia Fund

Baring Asset Management has converted its $30m new Russia fund into a Ucits III compliant vehicle which will be available to investors from December 27.

The fund will become the Baring Russia fund and currently has $30m under management.

The new Russia fund has returned over 22 per cent on an annualised basis since launch compared to the sector benchmark of 19.23 per cent according to the CSFB Ros index.

It will be domiciled in Luxemburg and managed by current new Russia fund manager Dr Ghadir Abu Leil-Cooper with a minmum investment of $10,000.

Dr Leil-Cooper says: “Russian equities enjoyed one of the best years in the history of the Russian stock market last year and even though market conditions have been volatile, this year has also been very strong.”

“Record-high oil and commodity prices, abundant domestic liquidity and demand as well as a period of relative political stability continue to be a powerful combination for delivering performance for Russian equities.”

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