Barings is planning to bring a multi-asset vehicle to the British market on March 23.
The Baring Multi Asset fund will aim to produce a capital return above the rate of inflation.
It will be run by Andrew Cole who works in the group’s fixed income and multi-asset teams, and overseen by Percival Stanion, the head of asset allocation.
The fund will be structured in a similar way to the institutional offering Baring Dynamic Asset Allocation. It will have an inflation plus target over the retail price index, but will not have an index benchmark and therefore will not be biased towards any asset class.
Cole will aim to generate 75% of returns through strategic or tactical asset allocation and 25% through active management within asset classes.
He will be able to invest in a range of asset classes including equities, bonds, derivatives and alternatives, with a maximum weighting to equities of 60%.
The fund will be Non Ucits Retail Scheme (Nurs), sterling-denominated and domiciled in Britain. It will sit in the Investment Management Association (IMA) Cautious Managed sector.
Minimum investment will be £2,000, initial charge 5% and annual management charge 1.5%.