View more on these topics

Columbia Threadneedle hints at post-Brexit fund range plans

Columbia Threadneedle Investments has said it will replicate its multi-asset and managed fund ranges in Europe in preparation for Brexit.

After the EU referendum last year, the global asset manager said it would look to expand its operations in Europe. The firm already has a presence in Luxembourg and a range of Sicav funds.

Newly-appointed chief executive of Europe, Middle East and Africa Michelle Scrimgeour says instead of extending the current European Sicav range the firm will replicate some of its “strong” UK strategies in Europe.

This includes parts of its multi-asset range and the £3bn managed fund range run in the UK.

In the two multi-asset portfolios managed by Toby Nangle, the firm already has a Sicav version of the £27m Global Multi Asset Income fund, but not of the £780m Dynamic Real Return fund.

Scrimgeour says the firm might also replicate its European investment grade credit products.

Money Marketing‘s extensive Brexit coverage

Columbia Threadneedle remains undecided on whether to charge clients for investment research or absorb costs under the upcoming Mifid II directive. It remains among a handful of asset managers who hadn’t yet revealed their plans at the time of writing.

Scrimgeour says: “As it relates to research commission, we’ve been going through a process and we are going to be talking to clients shortly.”

Over the last five years Columbia Threadneedle, which manages over $473bn in (£356bn) assets, has increased its offshore fund range, having launched Luxembourg Sicav funds such as the European Social Bond fund, US Disciplined Core Equities, Pan European Absolute Alpha and Luxembourg-based UK Equity Income funds.

Read the full interview to Michelle Scrimgeour in our print issue and on the website next week



European funds outperform UK since Brexit vote

European fund performance has trounced the UK in the year since the Brexit vote in the Investment Association equity sectors, new analysis reveals. Today the UK and European Union began Brexit negotiations almost one year since the 23 June referendum. Since the shock result, Theresa May has committed to a so-called “hard” Brexit, involving exit from […]


Platform tech firms fight it out for client wins

Platform technology provider Bravura is not concerned about the dominance of rival FNZ in the market, saying the companies’ differing business models mean they attract different clients. In the UK advised platform market, Bravura is currently running the technology upgrades for Fidelity Fundsnetwork and Royal London-owned platform Ascentric. Nucleus also uses Bravura software. However, competitor […]

Consolidator acquires London wealth manager

Leeds-based Progeny Group has acquired wealth manager Chestergate Financial Planning in an attempt to extend its presence in the London area. Salisbury and London-based Chestergate will take a minority stake in Progeny but no further details were given on the transaction. Progeny was formed after wealth management firm Lawrence Scoffield Group merged with Progeny Private […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment