Barings offers Russia fund to UK investors

Barings is offering UK investors access to its Russian fund, after receiving FSA approval. The B...

Barings is offering UK investors access to its Russian fund, after receiving FSA approval. The Baring Russia fund is US$35m, and has returned 37.2% over 1 year to 30 March 2007. Ghadir Abu Leil-Cooper, manager of the Baring Russia fund, said strong global demand has helped Russia’s economic growth to average around 6% after inflation over recent years. “In the current environment we believe that Russia, with its appreciating currency, rising foreign exchange reserves and strong balance sheet, represents an attractive investment opportunity.”