Barings to close China Growth fund

Barings Asset Management will close its China Growth fund in April after six years.

The fund, managed by William Fong since May 2008, will close on 4 April and the firm said dealings were suspended from 3 February. A statement from the firm said the fund was "no longer economically viable to manage". The £2m portfolio returned -4.2% over the year to 24 January compared to a sector average of -1.7%, and -9.4% over three years compared to a sector average of -5%, according to Morningstar.