Barings to shut down Strategic Bond fund

Latest in series of closures

clock • 2 min read
Barings Strategic Bond fund to close in January

Barings Strategic Bond fund to close in January

Barings is closing its Strategic Bond fund in January as its overall assets fall below £30m.

In a letter to clients, Barings said it will not be accepting new investments into the fund from 17 Decemberand the strategy is due to be closed on 18 January next year. With £29.7m in assets according to data from Morningstar, the value of the fund has fallen to a level at which Barings believes it is no longer competitive, given the level of fixed costs payable out of the assets. "Barings don't anticipate a level of new investments in the fund in the near future which will make it sustainable," said Anthony Scammell, UK operations director at Quilter. "Consequently they believe that...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock 28 June 2022 • 1 min read
Alex Wright of Fidelity International

Fidelity's Alex Wright: People have misunderstood OMV Russia exposure

'Sentiment is overly pessimistic'

clock 23 June 2022 • 3 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read