Baring Asset Management has launched its first three Hong Kong-domiciled funds that offer investors an opportunity to capitalize on the liberalization of the Chinese currency, the renminbi (RMB).

 

Baring is expanding its already extensive product range in Hong Kong with the launch of the new funds. The asset management firm said it is introducing the RMB hedged class for all three funds to meet increasing demand for RMB-denominated investment products.

 

“This will provide investors with the additional option of achieving capital growth through the gradual internationalization of the RMB as well as enable them to potentially diversify risks in their investments due to exchange rate fluctuations. This would also offer investors an avenue to seize opportunities arising from the much-anticipated mutual recognition platform between Hong Kong and mainland China,” says Gerry Ng, chief executive officer, Asia Ex Japan, Baring.

 

The funds launched include Baring Global Multi Asset Income Fund, which will invest in a range of asset classes and geographies to capture income opportunities globally and Baring European Equity Income Fund, which will seek to generate income and long-term capital growth by investing in European securities.

 

The Global Multi Asset Income Fund will provide an alternative solution for investors seeking yield in a low-return world. The fund will be led by London-based Sonja Laud, an experienced investment manager with a track record of high income generation. London-based Paul Morgan is managing Baring’s European Equity Income Fund, which will invest in European companies that offer a higher dividend yield at attractive prices across developed equity markets.

 

Baring Greater China Equity Fund will focus on assets in Hong Kong, China and Taiwan. The fund will be managed by Hong Kong-based fund manager, Laura Luo.