Barings has launched a new multi-asset fund for the retail market which aims to generate above infla...
Barings has launched a new multi-asset fund for the retail market which aims to generate above inflation capital returns.
The new fund seeks to beat the Retail Price Index over the medium to long term through investing in a portfolio of equities, bonds, derivatives and alternative asset classes.
The fund will have a maximum investment in equities of 60% of the portfolio and will be included in the IMA Cautious Managed sector.
Barings expects 75% of the fund's returns will come from strategic or tactical asset allocation, while the remainder will derive from active management within the chosen asset classes.
Fund manager Andrew Cole, director of Barings' strategic policy group, says: "In essence we scan the expected returns from a number of asset classes both strategically and tactically to ensure that we harvest as much of the available universe of returns as possible in a risk controlled manner."
Barings currently offers its Baring Dynamic Asset Allocation fund to institutional investors only, but Cole says retail clients will now be able to access a multi-asset strategy through the latest offering.
It will be a Non Ucits Retail Scheme (NURS) available only in sterling and domiciled in the UK. It is slated for launch on 23 March.
Minimum investment in the fund will be £2,000. The initial charge will be 5% and AMC 1.5%. Commission is negotiable.
