Barings is to launch a Middle East and North Africa (MENA) fund to tap into the region's growing economies.
The Dublin-domiciled Ucits III fund launches on 29 March and will be managed by head of Europe, Middle East and Africa equities Ghadir Abu Leil-Cooper and her team. The fund will focus on sectors which Leil-Cooper says stand to grow considerably, such as banking, consumption, infrastructure, resources and property. Benchmarked against the MSCI Arabian ex-Saudi Arabia index, the fund offers exposure to Egypt (29%), UAE (20%), Quatar (16%), Turkey (12%), Saudi Arabia (10%), Kuwait (7%), Jordan (4%) and Oman (2%). It has overweight positions in Turkey and Egypt and a large underweight po...
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