Columbia Threadneedle Investments is set to transfer its European Union (EU) customer assets, some $9.7bn, from UK OEICs to equivalent funds in its Luxembourg range amid concerns around the UK leaving the EU.
Subject to shareholder approval, the firm said the move was done in the interests of European investors once the UK leaves the EU. Some 20 funds from the firm's OEIC range will transfer to the equivalent...
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Comes in on 9 December 2019
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