Threadneedle unveils US Contrarian Core Equities Sicav

Threadneedle has added a version of Guy Pope’s US Contrarian Core Equities fund to its Sicav range.

The company is currently awaiting approval from the Financial Services Authority to sell the Luxembourg-domiciled fund in the UK.

Pope, the managing director and senior portfolio manager at Threadneedle sister firm Columbia Management, will run the fund along with associate portfolio manager Harvey Liu.

The fund’s investment process seeks out-of-favour income and growth stocks by focusing on US large-caps that are within the bottom third of their 52-week price range.