DE Germany (Deutschland) Institutionell

Best Execution Policy

This document sets out a summary of our process for obtaining “Best Execution” in relation to the transactions that we carry out for our clients’ portfolios.

This document sets out a summary of our process for obtaining “Best Execution” in relation to the transactions that we carry out for our clients’ portfolios.

Best Execution is the term used to describe our objective of taking all reasonable steps to obtain the best possible result for each transaction carried out on behalf of our clients. In order to obtain the best possible result we take into account a number of factors; price, costs, speed of transaction, size of transaction, nature of the investment and any other specific considerations relevant to that transaction.

Our priority in most cases will be to obtain the best overall result for you based on the price and other costs of the transaction. However, other factors will also be taken into account as part of this process and may assume a greater priority dependent on the particular nature of the order.

Conflict of Interest Policy

The purpose of this Policy is to summarise the potential conflicts of interest arising in the conduct of investment business by Barings that could present material risk of damage to the interests of Barings’ clients in the absence of Controls. The conflicts of interest are:

(a) as between Barings and/or its employees and clients;

(b) as between one client/group of clients and another client/group of clients and,

(c) as a result of the structure and business activities of Barings or its relationship with its affiliated companies;