DENMARK- Baring Asset Management has received regulatory approval to market 21 Irish-domiciled funds to the Danish institutional market.
Denmark’s regulatory authorities have approved Barings’ global umbrella and international umbrella funds that between them cover equities, fixed income and the increasingly popular corporate bond funds.
Martin Ortving, head of sales in Scandinavia, says the market for unit-linked products in Denmark is potentially a good source of business. “It’s a very important market with a lot of potential because of the increased pensions savings and the opening of the market for unit-linked products.”
Barings, which is part of the ING Group, says it is expanding its distribution network and hopes to sign further agreements in the next six months. Skandialink already distributes the eastern European fund and Lan og Spar uses Barings’ funds.
Baring’s research philosophy is based on what it calls growth at a reasonable price, an approach that focuses on identifying favourable earnings surprise and valuation characteristics through fundamental research.