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.

Threadneedle to close Worldwide Select fund

Threadneedle to close Worldwide Select fund

Threadneedle is closing their Worldwide Select fund after it failed to grow in size.

'Since its launch in December 2007, the fund has not grown to a level which makes it economically viable to manage and given its current size, the fund is unlikely to attract new investors,' Threadneedle said in a letter to clients.

The fund is managed by Giles Gilbertson and Damian Barry and is less than £3 million in size. It will close on September 12.

“We are committed to providing our clients with the best investment opportunities and due diligence on their assets, and as such regularly review our fund range,' the firm explained.

'We have decided to close the Threadneedle Worldwide Select Fund due to its small size and limited demand for the strategy, and in the best interest of its shareholders.'  

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 Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter