Baring Asset Management's new Middle East and North Africa (Mena) fund has officially launched after raising $8m in its two week initial offer period.
Investec Africa & Middle East manager Roelof Horne remains positive on prospects in the developing regions despite expecting the fallout from Dubai debt exposures to continue through 2010.
Barings is to launch a Dublin-domiciled Ucits III Middle East and North Africa (Mena) fund.