Barings launching HK-domiciled funds with eye on RMB
Barings will tomorrow launch its first Hong Kong-domiciled funds, targeted at the mass-affluent retail market. The asset manager says having the ability to offer an Rmb hedged class was a key factor in the move.
Barings will launch its first Hong Kong-domiciled funds tomorrow as it looks ahead to further liberalisation of China’s markets and renminbi internationalisation.
The asset manager already has a range of Ucits funds available in Asia, but is using the Hong Kong domicile to tap into the increasing flow of renminbi from mainland China and around the world.
The funds are expected to be primarily targeted at the mass-affluent retail market as well as QDII investors.
Gerry Ng, Bari…
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