Columbia Threadneedle to transfer EU clients assets into Lux Sicav range

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 FundTOThreadneedle (Lux) Fund
Threadneedle Pan European Smaller Companies FundThreadneedle (Lux) – Pan European Smaller Companies
Threadneedle Credit Opportunities FundThreadneedle (Lux) – Credit Opportunities
Threadneedle European High Yield Bond FundThreadneedle (Lux) – European High Yield Bond
Threadneedle Pan European FundThreadneedle (Lux) – Pan European Equities
Threadneedle European Corporate Bond FundThreadneedle (Lux) – European Corporate Bond
Threadneedle Pan European Equity Dividend FundThreadneedle (Lux) – Pan European Equity Dividend
Threadneedle European Smaller Companies FundThreadneedle (Lux) – European Smaller Companies
Threadneedle Global Equity Income FundThreadneedle (Lux) – Global Equity Income
Threadneedle Global Extended Alpha FundThreadneedle (Lux) – Global Extended Alpha
Threadneedle American Smaller Companies Fund (US)Threadneedle (Lux) – American Smaller Companies
Threadneedle Global Select FundThreadneedle (Lux) – Global Select
Threadneedle American Extended Alpha FundThreadneedle (Lux) – American Extended Alpha
Threadneedle European Select FundThreadneedle (Lux) – European Select
Threadneedle UK FundThreadneedle (Lux) – UK Equities
Threadneedle American FundThreadneedle (Lux) – American
Threadneedle American Select FundThreadneedle (Lux) – American Select
Threadneedle UK Equity Income FundThreadneedle (Lux) – UK Equity Income
Threadneedle UK Absolute Alpha FundThreadneedle (Lux) – UK Absolute Alpha
Threadneedle Global Emerging Markets Equity FundThreadneedle (Lux) – Global Emerging Market Equities
Threadneedle Asia FundThreadneedle (Lux) – Asia
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!