Threadneedle looking to US to boost fixed income

Threadneedle is considering adding a US fund to its fixed-inc-ome range and plans to expand its multi-asset range for new head of multi-asset Toby Nangle.

It is sending an analyst to the US to work in sister company Columbia Asset Management’s fixed-income team. Threadneedle chief investment officer Mark Burgess says: “The analyst will help feed US fixed-income ideas into our global fixed-income products. I also expect our fixed-income range will have more US coverage by possibly launching a US fixed-income fund.”

In July, Threadneedle app-ointed former Barings director of multi-asset and fixed income Nangle as head of multi-asset. Burgess says he is waiting for Nangle’s input on the gaps in the range when he joins in January. He says: “It is likely we will launch new multi-asset funds for Nangle to get his teeth into.”

Premier Wealth Management managing director Adrian Shandley says: “There is demand for US fixed income but there is potential for large currency fluctuations with the dollar.”