Threadneedle to move Credit Opps to AR sector

Threadneedle plans to move its Credit Opportunities fund into the IMA Absolute Return sector to more accurately reflect its investment objective.

The £17.9m fund, which this month reaches its first anniversary, currently resides in the IMA Specialist sector but is likely to move classifications. Managed by Barry Whitman, the Threadneedle Credit Opportunities fund targets returns of Eonia (Euro OverNight Index Average) plus 350 basis points over a 12- to 18-month period. With the fund rising over 8.4% since inception, net of fees, Threadneedle head of UK wholesale Gary Collins says the fund is on target to deliver a double-digit return to investors in its first year. “While there are many credit-focused funds out in the IMA u...