Columbia Threadneedle kicks off Luxembourg expansion with offshore UK income fund

Announced European expansion after Brexit vote

Columbia Threadneedle Investments is to launch an offshore version of its £3.4bn UK Equity Income fund domiciled in Luxembourg, after previously announcing plans to expand its European presence following the Brexit vote.

The group is kicking off the European expansion with the launch of the Threadneedle (Lux) UK Equity Income fund, managed by Richard Colwell, at the beginning of October. It will mirror the onshore fund's 45-60 positions and aims to deliver a dividend yield at least in line or greater than the FTSE All Share index (over three years rolling, gross of fees) and capital growth. Columbia Threadneedle's Harrison hands income fund to Colwell Gary Collins (pictured), head of wholesale, EMEA, said: "The fund is being launched in response to strong demand from overseas investors to access ou...