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
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter