This section includes a number of our policies relating to the discretionary investment management services/segregated accounts offered by Barings.
UK Stewardship Code
The UK Stewardship Code sets standards for investors in UK Equities for monitoring and engaging with the companies they own and aims to improve the quality of dialogue between investors and companies to help improve long-term risk-adjusted returns to shareholders.
The UK Stewardship Code sets out a number of areas of good practice to which institutional investors should aspire and also operates on a ‘comply or explain’ basis. The UK Financial Conduct Authority requires UK authorised investment managers to report on whether or not they apply the Code. The UK Stewardship Code aims to make investors more accountable to their clients and beneficiaries, as well as helping companies.
The attached document sets out our UK investment managers position on the UK Stewardship Code.
EU Shareholder Rights Directive (SRD II)
SRD II is a EU regulatory requirement, which aims to promote better stakeholder engagement and improve transparency in the ownership of companies listed in the EEA. The directive requires asset managers and asset owners to make disclosures about their long-term investment strategies, their arrangements with each other and their respective engagement with the companies they invest in. The new rules seek to improve transparency by enhancing the flow of information across the institutional investment community and by promoting common stewardship objectives.
The attached document outlines our Public Equities Investment team’s ‘ESG Integration and Active Engagement Policy’.
Pillar 3 Disclosure
The Barings Group contains a number of firms that are regulated in the UK by the Financial Conduct Authority that are required to make certain disclosures in order to comply with regulatory requirements and provide information on risk management policies and certain capital requirements.
The disclosures for Barings (UK) Limited, Barings Global Advisers Limited, Baring Asset Management Limited and Baring International Investment Limited are contained in their report and accounts and are available on request.
The attached document sets out the disclosures for Barings Real Estate Advisers Finance LLP.
European Product Approval Process
Barings is committed to meeting the current and evolving needs of its clients and has established robust governance arrangements to help achieve this goal. Barings’ governance arrangements include a product approval process for the launch of new products which aims to provide good outcomes for investors by ensuring the launch of products that are suitable, appropriate and targeted accordingly. The attached document sets out our European product approval process.
Barings has produced MiFID II compliant target market and costs and charges information for all products distributed in the EU. If you are a distributor that requires access to this information, please contact the following email address: MIFIDOperationalReporting@Barings.com.