Barings targets pensions with multi-asset rebrand

Barings has today announced the conversion of its multi-asset £39.2m Baring Portfolio fund into the Baring Dynamic Capital Growth fund. It has been relaunched to target “members of pension schemes that fall under the new auto enrolment legislation”.

The fund is renamed as the Baring Dynamic Capital Growth Fund and will be managed by Alison Huang, supported by a 10-strong multi-asset team.

The Baring Dynamic Capital Growth Fund will seek to achieve its objective of long term capital growth through dynamic asset allocation whilst aiming to keep the level of risk to a maximum of 80% equity risk. It will invest in equities, fixed income securities, money market instruments, commodities and cash, with 3-month Libor plus 3% as its benchmark.

It will invest both directly in assets but also indirectly through “collective investment schemes including index tracking and exchange traded funds”.

Marino Valensise, head of the Baring multi-asset group, said:

“This product is designed to bring our multi-asset capability and experience to market at a lower price point which will suit members of pension schemes that fall under the new auto enrolment legislation, which comes into effect in April 2015.”

Barings said it had changed the fund’s strategy in order to give it “a more flexible style of investment management in line with implementing a dynamic multi-asset strategy”.