Threadneedle has launched a SICAV version of the $1.5bn US Contrarian Core fund run by sister company Columbia Management.
The Threadneedle US Contrarian Core Equities fund is managed by Guy Pope, senior portfolio manager at US asset manager Columbia, and is awaiting FSA approval for sale in the UK. The fund will use a screening method developed by Pope and co-manager Harvey Liu to invest in large-cap US stocks which are in the bottom third of their 52-week price range. “This fund is all about pessimism. We are looking for companies that have fallen out of favour due to undue pessimism about their future,” said Pope. “In the current market, many stocks are trading within the bottom third of their 52-...
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