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 On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter