Threadneedle Investments (Threadneedle) has launched the Threadneedle (Lux) US Contrarian Core Equities Fund in its Luxembourg SICAV range. The fund is managed by Guy W Pope, Managing Director and Senior Portfolio Manager at Columbia Management, fellow asset management subsidiary of Ameriprise Financial. The fund has been registered with the CSSF* in Luxembourg and the AFM** in the Netherlands and registration is pending in other jurisdictions.

The Threadneedle (Lux) US Contrarian Core Equities Fund is managed with the same approach as the US$1.6bn1 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, use their proprietary screening method to find large cap US stocks which are in the bottom third of their 52-week price range. They then research these stocks, including tapping the resources of Columbia Management’s 160-strong equity portfolio, analysis and quantitative research teams. This leads to stocks being identified where it is felt that the price undervalues the company. The portfolio is constructed to seek above average returns whilst balancing risk and rewards.