Barings ASEAN Frontiers Fund
as of 23/07/2019
|Umbrella||Barings International Umbrella Fund|
Share Class Info
|Share Class||Class A USD Inc|
|Accumulating / Distributing||Income|
|Share Class Inception Date||01/08/2008|
Why ASEAN Frontiers?
Rapid urbanisation and infrastructure development, coupled with a fast-growing population and rising domestic demand, has driven dynamic economic development in South East Asia over recent years.
As the developed world struggles to shake off its debt-induced economic malaise, we believe that the favourable fundamentals of ASEAN economies will continue to lead to higher relative growth rates and superior equity market returns over the medium and long term.
Summary fund objective
The objective of the Fund is to achieve long-term capital growth in the value of assets by investing in companies in Asia which the Managers believe will benefit from the economic growth and development of the region. The Fund will seek to achieve its investment objective by investing at least 70% of its total assets at any one time in equities and equity-related securities of companies incorporated in countries which are members of the Association of South-East Asian Nations (ASEAN), or which have a significant proportion of their assets or other interests in those countries. The members of ASEAN include Singapore, Thailand, the Philippines, Malaysia, Indonesia and Vietnam. (Please refer to the Prospectus for the full investment objective and policy.)
A number of these regional economies are rich in natural resources and are well placed to continue to benefit from an environment of high food prices. Elsewhere, we are encouraged that infrastructure bottlenecks are being tackled and this should serve to benefit a number of tourism-related sectors.
Barings has established an international reputation for the performance of our Asian equity funds since the launch of our flagship Barings Hong Kong China Fund over 30 years ago in 1982.
Flexibility within our investment policy allows us to exploit market anomalies and invest in frontier markets such as Sri Lanka, Laos and Bangladesh. Our ‘on-the-ground’ presence in the region, with local language speakers who carry out rigorous company visits, enables us to generate valuable local knowledge and new investment ideas early and efficiently.
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