The Fund invests in a diversified portfolio of securities of issuers located in or with a significant exposure to the emerging markets of Europe.

The Fund is subject to risks, such as investment, equities and equity-related securities, liquidity, counterparty, currency risks, and the risks of investing in small and mid-capitalisation companies and convertible bonds.

The Fund’s investment may be concentrated in emerging Europe and the Fund may be subject to higher volatility risk and the sovereign debt risk of certain countries within the Eurozone. Investing in emerging markets of Europe, Russia and frontier markets may involve increased and special considerations, including liquidity, currency/currency control, political and economic uncertainties, legal and taxation, settlement, custody and volatility risks. Investing in companies organized in or who principally do business in Russia pose special risks, including economic and political unrest, lack of transparent and reliable legal system. The standard of corporate governance and investor protection in Russia may not be equivalent to that provided in other jurisdictions.

The Fund may invest in derivatives for investment or efficient portfolio management purposes which may involve counterparty/credit, liquidity, valuation, volatility and over-the-counter transaction risks. Exposure to derivatives may lead to a high risk of significant loss by the Fund.

Dividends may be paid out of unrealised capital gains at the discretion of the Manager which would effectively represent paying dividend out of capital. This amounts to a return or withdrawal of part of an investor’s original investment or any capital gains attributable to that original investment. Payment of dividends may result in an immediate reduction of the net asset value of the Fund per unit.

Investors may suffer substantial loss of their investments in the Fund.

Barings Eastern Europe (SP) Fund

Effective 21 July 2023, the liquid and illiquid assets in Barings Eastern Europe Fund (a sub-fund under Barings Global Umbrella Fund) have been segregated.  Illiquid assets remain in the original fund where the fund name has been changed to Barings Eastern Europe (SP) Fund while liquid assets have been transferred to the new fund, Barings Eastern Europe Fund (a sub-fund under Barings International Umbrella Fund).  The calculation of net asset value and dealings in Barings Eastern Europe (SP) Fund are currently suspended.

PUBLIC EQUITIES

Class A USD Acc
ISIN IE000LKBCGY5
ISIN

IE000LKBCGY5

Barings Global Umbrella Fund - Barings Eastern Europe (SP) Fund


As of 1 March 2022, Baring International Fund Managers (Ireland) Limited made the decision to temporarily suspend the calculation of net asset value and dealings in the Barings Global Umbrella Fund - Barings Eastern Europe Fund (the “Original Fund”). This decision was made with the agreement of the Original Fund’s Depositary, to protect the interest of Unitholders.

In light of the exceptional and adverse market conditions relating to the current situation in Russia and Ukraine, we have segregated the illiquid and the liquid assets in the Original Fund, in line with the Central Bank of Ireland’s guidelines. Based on this approach, effective 21 July 2023, the liquid assets have been transferred from the Original Fund to a new fund, Barings Eastern Europe Fund (a sub-fund under Barings International Umbrella Fund) (the “New Fund”) whilst the Original fund, renamed to Barings Eastern Europe (SP) Fund (remaining as a sub-fund under Barings Global Umbrella Fund) on the same date), continue to hold illiquid assets and continue to suspend dealings and calculation of the net asset value until further notice. Our intention is to liquidate the Original Fund and distribute proceeds upon the re-establishment of a market mechanism (subject to relevant regulatory approval) while the New Fund will be actively managed and priced daily.

We believe the above arrangements are in the best interests of all unitholders, giving unitholders access to the liquid assets which are currently suspended from trading. 

In the meantime, Barings continues to monitor the situation in Russia and will update its FAQs on this topic as appropriate.

 For further information, please refer to the documents below:  

 

Objective

The Barings Eastern Europe Fund (“the Fund”) is an actively managed equity strategy. The investment objective of the Fund is to achieve long-term capital growth primarily through investment in a diversified portfolio of Emerging European equity securities.

Strategy

Identify investment opportunities through a differentiated and innovative investment process using fundamental, bottom-up analysis.

Fund Facts

Fund Type

UCITS Funds

Inception Date

30/9/1996

Domicile

Ireland

Share Class Information

Management Charges

1.50%

Inception Date

30/9/1996