Threadneedle launches Sicav to strengthen foothold in Europe and Asia

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Threadneedle is launching a Luxembourg-domiciled Sicav range having completed the integration of the World Express investment funds business it bought earlier in the year, with hopes of strengthening its foothold in Europe and Asia.

Since purchasing World Express in May, Threadneedle has restructured the Sicav platform to bring it in line with its own capabilities and to provide a stronger offering for overseas investors. As a result, 16 funds in sectors Threadneedle has expertise and performance record will now be under its management, with a further seven funds continuing to be managed by sub-advisers. The review of the range has also included the renaming of certain portfolios and the modification of various investment objectives to better reflect the overall fund approach and manager strategy. "We are deli...

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