Columbia Threadneedle shutters two funds on dwindling assets

‘Too small to run’

clock • 1 min read

Columbia Threadneedle has closed the CT Diversified Monthly Income and CT Multi-Manager Investment Trust funds due to a fall in assets.

The funds are set to close on 20 May and shareholders in the funds have been provided with options. Columbia Threadneedle overhauls UK retail multi-manager team as Burdett exits A spokesperson from the firm said: "Both funds have experienced a fall in assets and became too small to run as efficiently as we would wish. We believe the closure of these funds is in the best interests of investors." According to data from FE fundinfo, the assets in CT Diversified Monthly Income fell from £49.8m in March 2021 to £37.7m in March 2024, while for the CT Multi-Manager Investment Trust fund, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Gold, Europe, property and renewables dominate active fund returns in H1

Gold, Europe, property and renewables dominate active fund returns in H1

Study on purely active mandates

Eve Maddock-Jones
clock 02 July 2025 • 3 min read
Fidelity China Focus among four funds to gain RSMR rating

Fidelity China Focus among four funds to gain RSMR rating

M&G, Invesco and Capital Group also rated

Linus Uhlig
clock 02 July 2025 • 2 min read
Rathbones granted SDR labels for multi-asset range

Rathbones granted SDR labels for multi-asset range

Two other funds received label in March

Beth Brearley
clock 26 June 2025 • 1 min read
Trustpilot