Baring rebrands multi-asset fund to attract pension savers

Baring Asset Management has rebranded its multi-asset Portfolio fund as the more flexible Dynamic Capital Growth fund in a bid to make it more attractive to pension savers.

The fund will continue to be managed by Alison Huang, and will now seek to achieve long term capital growth through asset allocation with a maximum of 80% equity risk. Using three-month LIBOR plus 3% as its benchmark, the fund will be able to invest in equities, fixed income, money market instruments, commodities and cash. It will also be able to increase its exposure to passives in a bid to keep costs down. The group said the changes had been made to ensure the manager could manage risk effectively and respond to market changes more efficiently. "This product is designed to bring ...