THREADNEEDLE INTRODUCES SICAV RANGEThreadneedle, a leading international asset management company, today announces the introduction of the Threadneedle (Lux) SICAV following the completion of the integration and review of the World Express investment funds business. The launch of the new SICAV platform represents a significant development for both Threadneedle and its clients. Since its acquisition in May 2009, the Luxembourg-based SICAV platform has undergone a thorough review to ensure it better complements Threadneedle’s overall product line up, as well as becoming more integrated with its core investment capabilities. As such 16 funds*, in sectors where Threadneedle has demonstrable expertise and performance record, will now be under its management. A further seven funds* in the range will continue to be managed by sub-advisors, who aim to provide investors with a specialist set of investment skills to supplement Threadneedle’s range.
The comprehensive review of the range has also included the re-naming of certain portfolios and the modification of various investment objectives to better reflect the overall fund approach and manager strategy.
As the preferred investment vehicle in Europe and Asia, the launch of the SICAV marks an exciting development for Threadneedle providing an important foothold into these markets. As a truly global asset manager the SICAV platform strengthens Threadneedle’s existing OEIC product range, providing investors with a choice of investment vehicles ensuring a better alignment with their needs.
Christian Pellis, Head of European Distribution, Threadneedle said, “We’re delighted to introduce our SICAV offer. We believe in providing our clients with a full range of investment strategies featuring core and alternative asset classes in markets around the world. This is why Threadneedle’s SICAV platform will offer our established in-house investment expertise, complemented by a select group of focused investment portfolios managed by highly regarded sub-advisers.”