Barings German Growth Trust
as of 16/08/2019
|Umbrella||Baring Fund Managers Limited|
Share Class Info
|Share Class||Class I USD Acc|
|Accumulating / Distributing||Accumulative|
|Share Class Inception Date||13/10/2015|
Barings has launched an Irish-domiciled mirror fund - the Barings German Growth Fund. The fund maintains the same portfolio management team, objective, benchmark, fee schedule and other key features as the existing U.K. domiciled fund. The only differentiating feature is that this fund is domiciled in Ireland and subsequently able to preserve its UCITS status regardless of the outcome of Brexit. View more information on the Barings German Growth Fund.
Why German equities?
The outlook for Germany continues to be supported by what we see as improving economic and corporate fundamentals for the continent’s biggest economy.
Summary fund objective
The investment objective of the Trust is to achieve long-term capital growth by investing in Germany.
The Trust will seek to achieve its investment objective by investing at least 75% of its total assets directly and indirectly in equities and equity related securities of companies incorporated in, or exercising the predominant part of their economic activity in Germany, or quoted or traded on the stock exchanges in Germany.
For the remainder of its total assets, the Trust may invest outside of Germany, as well as in fixed income and cash.
While the Trust will aim to diversify its investments, allocation to certain industries or sectors may be more than 30% of its total assets depending on the Investment Manager’s assessment at different times.
In order to implement the investment policy the Trust may gain exposure through American depositary receipts, global depositary receipts and other equity related securities including participation notes, structured notes, equity-linked notes and debt securities convertible into equities. The Trust may also invest in collective investment schemes and other transferable securities. It may also use derivatives including futures, options, swaps, warrants and forward contracts for efficient portfolio management (including hedging).
The attention of investors is drawn to the fact that the Trust is eligible to the personal equity plan (“plan d’epargne en actions” or “PEA”) in France. In this context, the Manager undertakes that the Trust will invest on a permanent basis at least 75% of its assets in securities or rights eligible to the to the French PEA Savings Plan “PEA” regime, that is shares and warrants issued by companies where the head office is in the European Union (EU) or a European Economic Area (EEA) Country, except Liechtenstein, and subject to corporate income tax under normal conditions the Trust will be suitable for French investors.
In the current environment, stock selection and fundamental analysis are more important than ever and we continue to target companies with good growth prospects and strong balance sheets. As macroeconomic visibility slowly improves, we expect investors to increasingly recognise the strength and potential to be found in Europe’s largest economy, both in absolute and relative terms.
The Barings German Growth Trust was launched in the second quarter of 1990 and has established a robust performance record over a range of market conditions.
Our ability to find companies with strong investment potential is one of the key characteristics of the way we manage money. Whilst the Trust is all-cap in nature, we favour small and mid-cap stocks, areas of the market where analyst coverage is not always as large and where our robust investment process can generate alpha for investors.
The information available on this website is not an offer to sell or an invitation to apply for this product and is by way of information only, nor is the information available on this website intended as an offering of this product to US Persons. Depending on your jurisdiction, you may not have access to this product. Individual investors should contact their financial advisor before investing in this product. The Key Investor Information Document (KIID), if applicable, must be received and read before investing. All other relevant documents relating to the product such as the Report and Accounts and Prospectus should also be read. The information available on this website does not constitute investment, tax, legal or other advice or recommendation.