Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter