Threadneedle merges UK funds but AoV shows receiving fund still only rated moderate

UK fund is £1.8bn

Kathleen Gallagher
clock • 1 min read
Threadneedle merges UK funds but AoV shows receiving fund still only rated moderate
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Threadneedle merges UK funds but AoV shows receiving fund still only rated moderate

Threadneedle is merging its UK Select fund and UK fund as the former has “not attracted significant new investment,” according to a letter seen by Investment Week.

The UK Select fund had assets under management of just £37m while the UK fund stands at £1.8bn. However, the UK fund only has a value score of two stars and a moderate rating, according to Columbia Threadneedle's latest assessment of value report. In fact, five of its seven share classes were actually considered poor for performance value. In the three years until 24 November, the UK Fund returned 12.7%, while the FTSE All-Share returned 20.9% and the UK All Companies fund returned 26.5%, according to FE Fundinfo. Vanguard to align Global Balanced portfolio with sustainability crit...

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