Columbia Threadneedle is closing the Global Opportunities Bond fund following a sustained period of underperformance only three years after its launch, pending FCA approval.
Launched in February 2015, the fund has lost 4.8% over three years compared to the 2.8% average return of the IA Targeted Absolute Return sector, FE data shows. The £44.2m fund is run by Adrian Hilton, who joined Columbia Threadneedle Investments in June 2016 as a fixed income portfolio manager in the interest rates and currencies team. Columbia Threadneedle shuts trio of funds as group rules out developing index tracker range Hilton also runs the Luxembourg version of the strategy, which launched in 2011, and will continue to do so. The OEIC mandate is set to close on 14 December....
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