Luxembourg sicav focuses on pessimism

The Threadneedle (Lux) US Contrarian Core Equities Fund will be part of Threadneedle's Luxembourg SICAV range and will be managed by Guy W Pope, Managing Director and Senior Portfolio Manager at Columbia Management, fellow asset management subsidiary of Ameriprise Financial. The fund will take the same approach as the US$1.6bn Columbia Management Contrarian Core Fund which seeks out of favour income and growth stocks. Guy W Pope, along with his Associate Portfolio Manager, Harvey Liu, will use their proprietary screening method to find large cap US stocks which are in the bottom third of...