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Barings unveils frontier markets fund for Michael Levy

Baring Asset Management has unveiled a new frontier markets fund which will have overweights to Middle Eastern countries such as Saudi Arabia and the United Arab Emirates.

The Baring Frontier Markets fund will be run by senior investment manager Michael Levy, with support from head of EMEA Ghadir Abu Leil-Cooper.

Levy joined Barings in July 2012 from AllianceBernstein and currently runs the £100m Baring Russia fund.

The fund, which is still subject to regulatory approval, will have a minimum investment of £2,500 and will carry an annual management charge of 2 per cent.

Combining top-down analysis of political and economic factors with a bottom-up stock selection process, the fund will have at least 70 per cent exposure to frontier markets and will use the MSCI Frontier Markets Index as its benchmark.

Its primary investment universe will include Argentina, Bangladesh, Ghana, Iraq, Kazakhstan, Kenya, Kuwait, Mongolia, Nigeria, Pakistan, Qatar, Romania, Saudi Arabia, Slovenia, Sri Lanka, the UAE, Ukraine and Vietnam.

Levy says: “We believe frontier markets are now positioned where emerging markets were 20 years ago, poised to become the next big opportunity in the coming years.”

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