Threadneedle UK Limited Issue set for 19 May debut

Professional Adviser
clock

fund is limited to 100 million shares with an offer price of 100p per share until 16 may

Threadneedle's UK Limited Issue fund is to open for subscription on 12 May, with a one-week 100p per share fixed offer period ending at noon on 16 May. Subject to FSA approval, the fund will begin trading on 19 May. It will be closed to new subscriptions once 100 million shares have been sold, capping the fund at £100m if all the shares are bought within the offer period. Run by the group's high alpha team, which includes named manager Mark Holden and team head Paul Findley, it will have a maximum of 30 holdings, offering exposure to Threadneedle's highest conviction stocks. T...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •