Barings intends to launch Hong Kong domiciled funds
Baring Asset Management (Barings) has announced the launch of a range of Hong Kong domiciled funds as of 2015, subject to regulatory approval.
The funds will be administered by HSBC, which will also act as trustee, transfer agent, and custodian.
Commenting on the project, Gerry Ng, CEO of Barings Asia Ex Japan (pictured) said: “The development of a local fund range also positions us to take advantage of the anticipated mutual recognition platform between Hong Kong and China and the increased demand for locally domiciled funds that we expect to follow.”
Barings has been active in China for over 220 years and opened its first office in Hong Kong in 1973. The firm launched one of the first mutual funds investing in the region in 1982, managed the first dedicated China fund in 1985 and were early investors in China’s domestic A-share market.