Barings plans to tap China’s debt markets

China bicyclesBaring Asset Management has unveiled plans to launch a fund investing in China-related bonds and renminbi-denominated bonds.

Sean Chang, head of Asian debt, joined Barings from HSBC Global Asset Management in May and will manage the Baring China Bond fund.

Chang will aim to maximise total return, over the long-term, consisting of income, capital appreciation and currency gains.

“China’s offshore bond market remains in its early stages, but it is growing at a rapid pace and we believe it represents a new and exciting way for investors to participate in China’s long-term economic expansion,” Chang said, adding that there was also a potential for currency appreciation.

Barings recently launched the Baring Asian Debt fund and is also planning to launch the Baring Emerging Market Corporate Debt fund. Both the Baring China Bond fund and the Baring Emerging Market Corporate Debt fund are subject to regulatory approval.

©2012 funds europe