Columbia Threadneedle to transfer EU clients assets into Lux Sicav range

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Ahead of the Brexit, that will see the United Kingdom exiting the European Union as from end March 2019, Columbia Threadneedle Investments has unveiled plans to transfer EU customer assets from its UK OEIC range to equivalent funds in its Luxembourg-domiciled Sicav range.

The decision has been taken to best serve European clients after the UK departs from the EU.

A total of 20 funds from the Threadneedle OEIC range will transfer assets to mirrored funds in the Sicav range. The firm is launching 13 new funds on its Sicav platform to welcome these assets.

However, the transfers remain subject to shareholder approval. The Commission de Surveillance du Secteur Financier (CSSF) and the Financial Conduct Authority (FCA) have been notified of the proposed transfers.

Michelle Scrimgeour, CEO, EMEA at Columbia Threadneedle said: “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”.

Impacted funds’ investors will receive further information regarding the transfers between May and September.

Below are the funds transfers expected to occur following the decision of Columbia Threadneedle Investments.

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

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