Barings targets pensions with multi-asset rebrand

Baring Asset Management has become the latest group to launch a fund targetting the pensions market in the wake of its reforms.

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

Alison Huang will remain as manager of the rebranded fund, supported by a 10-strong multi-asset team.

Article continues after advert

The fund will invest in equities, fixed income securities, money market instruments, commodities and cash, with 3-month Libor plus 3 per cent 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”.

Barings’ multi-asset capability was dealt a blow earlier this year with the departure of managers Percival Stanion, Andrew Cole and Shaniel Ramjee to Pictet Asset Management.

The trio’s Baring Multi Asset fund has dropped in size from £1bn to £366m since the announcement of their departure in August.