Barings launches absolute return fund

Stockmarket-Stock-Market-Dice-Gamble-Investment-700.jpgBaring Asset Management has launched an absolute return fund, run by long-short specialist James Ind.

The Dynamic Absolute Return fund will be managed by Ind, who joined the asset manager in July last year.

The fund, which will have 10 to 20 market positions, will target volatility of 7 per cent and will use drawdown controls to limit downside risks. It will sit in Barings’ existing multi asset fund range.

Ind says: “The demand for absolute return products continues to grow among all client segments. It is a natural step for Barings to develop a more market-neutral offering given its track record of success in asset allocation.

“Investment returns are under significant pressure, with a third of the sovereign bond universe offering negative yields. The need for alternative funds to diversify traditional growth assets is driving significant fund search activity.”

Charges information was not immediately available.