Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Columbia Threadneedle launches Shariah fund with UK bank

Columbia Threadneedle launches Shariah fund with UK bank

Columbia Threadneedle Investments has launched a Shariah-compliant strategy in partnership with London-based bank Gatehouse Financial Group, the company has announced.

The Threadneedle (Lux) – Gatehouse Shariah Global Equity fund, will be managed by Simon Haines and will be supported by Columbia Threadneedle’s Global Equities team based in London.

The new fund will invest in between 50-80 Shariah compliant stocks globally in accordance with the Shariah Guidelines, as determined by the Shariah Supervisory Board and Gatehouse as the Shariah compliance advisor.

Columbia Threadneedle has appointed IdealRatings as the Shariah stock screening provider to the fund. IdealRatings is set to provide research that expands upon that undertaken by Islamic index providers and permits asset managers to tailor portfolios to the Shariah guidelines relevant to their products.

The fund will aim to outperform its benchmark, the MSCI Islamic M-Series index, by 2% per annum over a 3-year rolling period.

Commenting on the launch, Haines said: ‘Integral to what defines quality in the context of the Shariah fund is our belief that well-governed companies are better positioned to manage risks and challenges inherent in business and to capture opportunities that should deliver sustainable growth and returns over time. Effective stewardship benefits companies, our clients and the economy as a whole.’ 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015