Barings EM Debt holding 60% in cash instruments

Ece Ugurtas cut all of the equity positions in the Barings Emerging Market Debt fund in July last yea...

Ece Ugurtas cut all of the equity positions in the Barings Emerging Market Debt fund in July last year and is still holding 60% in cash-type investments to reflect her defensive view. The fund manager began allocating back into equities earlier this year but maintained the zero position for most of the second half of last year. The portfolio currently has around 12% which has been added in three batches from February and compares to the 20% allocation to the asset class which the fund had at launch in December 2006. In October last year bond exposure was cut by over 60% and moved into ...