Columbia Threadneedle, Man GLG and Merian Global Investors are among the investment groups that closed bond funds in July.
The Threadneedle Absolute Return Bond fund closed on 26 July due to falling assets, with £21.5m in AUM as at 30 June. The fund launched in 2005 and was managed by Adrian Hilton. "We constantly review our range of funds and are committed to offering investors the best possible opportunities. Following a recent review, we have decided to close the fund due to its relatively small size," Columbia Threadneedle's head of distribution EMEA and Latin America Gary Collins said in a shareholder letter. "The fund's assets have fallen to a level that makes it economically unviable to manage and ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes