Baring Asset Management is to close William Fong’s China Growth fund in April because of its small size.
The group said the £1.9m fund would close on April 4 and clients would be able to redeem their holding or switch to another Barings fund.
A spokesperson for the group said the fund was "no longer economically viable to manage” adding that Mr Fong, who has been at the company for 10 years, would remain at Barings. The manager runs the group’s Dublin-domiciled $50m (£30.6m) China Select fund.
The fund has had mixed performance, delivering of 53.3 per cent in five years, above the 50 per cent from the benchmark MSCI China index but in the third quartile of its IMA China/Greater China sector, according to FE Analytics.
But it produced a bottom quartile loss of 12.9 per cent in three years, greater than the 9 per cent loss by its benchmark index.
Barings’ Agnes Deng, who managed the group’s $2.4bn Dublin-domiciled Hong Kong China fund, left the company in September last year and was replaced by Laura Luo who was hired from Schroders.
Ms Luo ran Schroders’ $876m ISF China Opportunities fund among other funds.