At just £1.9m, the fund was no longer economically viable to manage, according to a spokesperson at the firm.
The fund is managed by William Fong, who has been with the company for 10 years. He will remain at Barings and continue managing the larger $50m (£31m) Dublin-domiciled China Select Fund.
Over three years ending 31 December 2013, the China Growth Fund reported a loss of 2.1% relative to the MSCI China Total benchmark index, which declined 0.4%.
Clients will be able to redeem their assets or roll over their investments into another fund, Barings said.
"If investors were happy with the China Growth Fund, it would seem sensible to switch their holdings over to the Dublin-based offshore China Select Fund," according to Richard Troue, investment analyst at Hargreaves Lansdown.
Both funds were launched in 2008 and share similar top 10 holdings.
It was most likely the offshore fund saw bigger growth due to a much larger base of investors while the China Growth Fund was available only to those in the UK, Troue added.
