View more on these topics

Columbia Threadneedle to shift EU customer assets out of UK ahead of Brexit

Columbia Threadneedle Investments is transferring EU customer assets from its UK Oeic range to equivalent funds in its Luxembourg Sicav range ahead of Brexit.

A total of 20 funds from the Threadneedle UK Oeic range will transfer assets to equivalent funds in the Luxembourg Sicav range, with the firm launching 13 new funds on its Sicav platform.

Columbia Threadneedle EMEA chief executive Michelle Scrimgeour says: “Our priority is to provide certainty and continuity for our clients. By facilitating the transfer of European customers to our existing Luxembourg range we will ensure they can continue to access our best investment strategies in a UCITS-compliant fund, regardless of the final agreement between the UK and the EU.

“For EU investors, the transfers will remove uncertainty regarding the future status of their investment in their home country.”

The Commission de Surveillance du Secteur Financier and the FCA have been notified of the proposed transfers.

Columbia Threadneedle says the transfers are subject to shareholder approval and investors will receive further information between now and September.

Impacted funds

Threadneedle Fund To Threadneedle (Lux) Fund
Threadneedle Pan European Smaller Companies Fund Threadneedle (Lux) – Pan European Smaller Companies
Threadneedle Credit Opportunities Fund Threadneedle (Lux) – Credit Opportunities
Threadneedle European High Yield Bond Fund Threadneedle (Lux) – European High Yield Bond
Threadneedle Pan European Fund Threadneedle (Lux) – Pan European Equities
Threadneedle European Corporate Bond Fund Threadneedle (Lux) – European Corporate Bond
Threadneedle Pan European Equity Dividend Fund Threadneedle (Lux) – Pan European Equity Dividend
Threadneedle European Smaller Companies Fund Threadneedle (Lux) – European Smaller Companies
Threadneedle Global Equity Income Fund Threadneedle (Lux) – Global Equity Income
Threadneedle Global Extended Alpha Fund Threadneedle (Lux) – Global Extended Alpha
Threadneedle American Smaller Companies Fund (US) Threadneedle (Lux) – American Smaller Companies
Threadneedle Global Select Fund Threadneedle (Lux) – Global Select
Threadneedle American Extended Alpha Fund Threadneedle (Lux) – American Extended Alpha
Threadneedle European Select Fund Threadneedle (Lux) – European Select
Threadneedle UK Fund Threadneedle (Lux) – UK Equities
Threadneedle American Fund Threadneedle (Lux) – American
Threadneedle American Select Fund Threadneedle (Lux) – American Select
Threadneedle UK Equity Income Fund Threadneedle (Lux) – UK Equity Income
Threadneedle UK Absolute Alpha Fund Threadneedle (Lux) – UK Absolute Alpha
Threadneedle Global Emerging Markets Equity Fund Threadneedle (Lux) – Global Emerging Market Equities
Threadneedle Asia Fund Threadneedle (Lux) – Asia


File image of a pension savings pot

Aegon could axe Retiready as platform placed under review

Aegon is reviewing the future of its direct-to-consumer platform Retiready, as it cements its focus on the advised platform market. Money Marketing understands one option Aegon is considering is getting rid of the Retiready brand altogether. The provider says it is reviewing what to do with Retiready and will confirm its decision later this year. […]

Outgoing SJP chief executive David Bellamy

Ex-SJP boss Bellamy defends charging model

The widely-held view that St James’s Place is one of the most expensive advice firms has been shot down by its former chief executive, David Bellamy. The charging structure at SJP faced more scrutiny last year after an undercover investigation by Which? that found charge disclosure varied and restricted advice limitations were not properly explained […]

Real estate offer. Businessman holds an artificial model of the house

FCA report eyes mortgage prisoners and broker comparison tool

The FCA has singled out mortgage prisoners, shopping around and a broker comparison service as areas of the market that need change. The FCA made the statements today in its interim report into mortgage market competition, first mooted in 2015. The report says a third of consumers fail to find the cheapest mortgage deal, but the […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Alan Richards 9th May 2018 at 3:33 pm

    No doubt Nige will have them hung as traitors.

Leave a comment