Columbia Threadneedle have announced that they are making changes to the Investment Policy and changing the name of the CT Asia Fund to the CT Asia Pacific Fund.
Columbia Threadneedle have stated the following:
"We are making changes to the Investment Policy of the Fund to broaden its regional exposure, beyond Asia, to include investment in companies in the wider Asia Pacific region or which have significant Asia Pacific business operations (excluding Japan). We are also taking the opportunity to change the name of the Fund to the 'CT Asia Pacific Fund' to reflect the Investment Policy changes.
The current Investment Policy of the Fund refers to investment primarily in companies in Asia (excluding Japan). This means that the Fund invests at least 75% of its assets in shares of companies domiciled in Asia (with the exclusion of Japan), or which have significant Asian (excluding Japanese) business operations. The Fund is therefore limited in how much it can invest in companies beyond Asia, in the Asia Pacific region. By broadening the Investment Policy, the Fund will have access to a wider range of markets and companies in the region similar to its benchmark: the MSCI AC Asia Pacific ex Japan Index.
The Fund is actively managed and will continue to select companies considered to have good prospects for share price growth, from across different industry and economic sectors and will typically invest in fewer than 70 companies across the Asia Pacific region (excluding Japan).
Please note that the amendments will not change how the Fund is managed or the risk profile of the Fund."
The current Investment Policy is:
"The Fund is actively managed, and invests at least 75% of its assets in shares of companies domiciled in Asia (with the exclusion of Japan), or which have significant Asian (excluding Japanese) business operations. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the Index."
The new Investment Policy is:
"The Fund is actively managed, and invests at least 75% of its assets in shares of companies domiciled in the Asia Pacific region (with the exclusion of Japan), or which have significant Asia Pacific (excluding Japanese) business operations. There is no restriction on size, but investment tends to focus on larger companies, such as those included in the Index."
If this is something that may interest you, please get in touch.
- uploaded - 27 August 2024