What's New In Investments, Funds? - Barings, M&G

Editorial Staff

18 December 2020

Barings
Barings, the investment business, has launched what it says is its first onshore fixed income private fund in China. The fund was registered with the Asset Management Association of China to be distributed to investors in mainland China.

The fund, managed by Michael Liu, Barings’ investment manager - based in Shanghai - will primarily focus on China's fixed income market.

Barings set up its Shanghai-based Investment Management Wholly Foreign-Owned Enterprise in August 2018. It launched its first Qualified Domestic Limited Partnership product in January 2019. In the same year the firm was registered as a Private Fund Manager WFOE, and opened a Shanghai office last October, and launched the equity private fund in November 2019 to build its local-to-local business.

“The launch of Barings’ first fixed income fund in China is a natural extension of our global strategy and further commitment to our expansion and focus on our domestic clients in China,” Mike Freno, Barings chairman and chief executive, said.

The firm has been actively taking part in cross-border investments in mainland China for more than 10 years.

As at the end of September this year, Barings held more than $354 billion in assets under management. The firm is a subsidiary of MassMutual.

M&G
M&G, the UK-based investments group has appointed Value Partners to run more than £500 million of onshore and offshore Chinese equities, benchmarked off the MSCI China All Shares Index.

The mandate is part of M&G’s overall Chinese equity exposure of £2.0 billion, it said in a statement yesterday.

Value Partners has been chosen because of its track record of China investing and its record as a stock-picking investment house. The firm has more than 70 investment professionals in Hong Kong, mainland China and Malaysia. In 2007 it was the first asset manager to be listed on the Main Board of the Hong Kong Stock Exchange. It is also present in London, Kuala Lumpur and Singapore.