Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Thomas White International latest US firm to target UK fund market

Thomas White International latest US firm to target UK fund market

Chicago-based Thomas White International (TWI) is the latest overseas firm to enter the UK market, with the launch of a global emerging markets fund to try to benefit from capacity issues in the sector.

The fund replicates the emerging market sub-portfolio the firm’s global equity strategy, domiciled in Dublin, and launched in the UK in May.

Run by Thomas S. White Jr, the Thomas White Emerging Markets fund will focus on large emerging market companies across the globe, or businesses which have exposure to developing countries.

The fund is targeting between 3% and 5% outperformance of its benchmark gross of fees.

‘We are already in talks with around six investors, mostly from South Africa and the UK, and are hoping to raise £20 million to £25 million to get our fund off the ground,’ said Chris Neill, TWI’s director of institutional relationships.

This will mirror its $30.05 million US counterpart, which has returned 5.51% over three years compared to the MSCI Emerging Markets Index’ 3.38% rise.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter