Bringing you live news and features since 2006 

Announcement

Columbia Threadneedle to transfer customer assets from UK OEIC to its Luxembourg fund range

RELATED TOPICS​

Columbia Threadneedle Investments is planning to transfer EU customer assets from its UK OEIC range to equivalent funds in its established Luxembourg SICAV range, 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 equivalent funds in the SICAV range, with the firm launching 13 new funds on its SICAV platform. The transfers are subject to shareholder approval.
 
Michelle Scrimgeour, CEO, EMEA at Columbia Threadneedle, 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.”
 
Investors in impacted funds will receive detailed information regarding the transfers between May and September.
 
The Commission de Surveillance du Secteur Financier (CSSF) and the Financial Conduct Authority (FCA) have been notified of the proposed transfers.

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by