Barings HK China fund tops $10bn

Barings Hong Kong China has continued its phenomenal growth, taking in $7bn in assets since the start...

Barings Hong Kong China has continued its phenomenal growth, taking in $7bn in assets since the start of 2007. Global appetite for China has boosted assets to $10bn, up from $2.8bn at the end of 2006 and from $470m in size at the beginning of 2006. Inflows have continued unabated even after former manager of the fund Lilian Co left the group in August. Ex-Standard Life manager Agnes Deng has since replaced her. The group has no current plans to close the fund but said it would if the size began to impinge on performance. Head of UK mutual fund sales Jerry Devlin said: “We have recruited...