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Eastern Europe is the place for Baring Isa

Baring Asset Management is making its emerging Europe investment trust available to investors who want to access it via an individual savings account (ISA).

The Isa has been aimed at the experienced investor who is looking to use all of their Isa allowance and who is comfortable with a high-risk investment.

It will invest in the Baring emerging Europe investment trust, which invests entirely in promising or already successful companies in Eastern Europe. This will involve investing in companies in countries such as Russia, Poland, Hungary, the Czech Republic, Estonia, Croatia and Turkey.

There has been a great deal of corporate investment in Eastern Europe since the fall of Communism, as Western companies buy up promising companies which have much lower prices and running costs. However, although some countries have made a great deal of progress, with countries like Poland applying to join the European Union, this is still a high-risk area which needs a long-term view.

The trust has been running since 1994 and is managed in London by Klaus Bockstaller, who has been head of the emerging Europe desk at Baring Asset Management since July 2000. Before this he worked at the emerging Europe desk for UBS Brinson.

According to Standard & Poor’s the Baring emerging Europe trust is ranked one out of two funds, based on £1,000 invested on a mid-to-mid basis with gross income reinvested over five years to October 29, 2001.

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