Threadneedle (Lux) Global Multi Asset Income Fund
Reasons to inveset
Proven capability in income generation
The fund benefits from the established income capabilities and skill sets of our equity and fixed income teams to target an attractive 5% yield.
Experienced multi asset team
The portfolio manager is supported by more than 20 investment experts, including an eightstrong Asset Allocation Strategy Group. The team is able to draw on the wider investment platform for macro insights, information and propriety research.
Risk awareness
Diversification is embedded into the construction process, with a focus on providing strong risk-adjusted total returns. The ability to ‘look through’ a portfolio facilitates best-in-class portfolio risk management.
Key facts
Fund inception date:
18 September 2012
Asset class weightings:
Equities: 40-60%
Fixed income: 40-60%
Holdings:
The portfolio mainly invests in direct investments, derivatives, ETFs and in-house funds
Investment approach
The Asset Allocation Strategy Group uses the output from three proprietary research groups to formulate its macroeconomic and thematic views, and defines the investment environment used to build asset allocation portfolios. This is combined with a valuation framework across all asset classes, and is used by the group to determine its preferred asset allocation and risk preferences, whilst prioritising the fund’s income objective.
Share classes available
Share | Class | Curr | Tax | AMC | Entry charge | Min Inv. | Launch | ISIN | SEDOL | BBID | WKN/Valor/CUSIP | Hedged |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AU | Acc | USD | Gross | 1,25% | 5,00% | 2.500 | 18-09-12 | LU0640488648 | — | TMATAAU LX | A1J9G4 | No |
AEH | Acc | EUR | Gross | 1,25% | 5,00% | 2.500 | 18-09-12 | LU0640488994 | — | TMATAEH LX | A1J9G5 | Yes |
ZGH | Acc | GBP | Gross | 0,75% | 5,00% | 1.000.000 | 16-10-12 | LU0815284970 | — | — | — | Yes |
AEC | Inc | EUR | Gross | 1,25% | 5,00% | 2.500 | 04-11-14 | LU1102542534 | BQ3BGC5 | TMATAEC LX | A12AB2 | Yes |
ZEC | Inc | EUR | Gross | 0,75% | 5,00% | 1.500.000 | 25-04-17 | LU1132616415 | BSD9CH0 | TMATZEC LX | A12EET | Yes |
AUP | Inc | USD | Gross | 1,25% | 5,00% | 2.500 | 15-10-13 | LU1297908904 | BYVYBP0 | THGMAUP LX | A140RF | No |
AEP | Inc | EUR | Gross | 1,25% | 5,00% | 2.500 | 15-10-13 | LU1297909035 | BYVYBQ1 | THGMAEP LX | A140RG | No |
AE | Acc | EUR | Gross | 1,25% | 5,00% | 2.500 | 17-07-12 | LU1298174530 | BYVYBS3 | — | — | No |
ZEH | Acc | EUR | Gross | 0,75% | 5,00% | 1.500.000 | 25-04-17 | LU0957818882 | BYPZPW4 | THGMZEH LX | A2DM9H | Yes |
ZU | Acc | USD | Gross | 0,75% | 5,00% | 1.500.000 | 25-04-17 | LU0957818536 | BYPZPV3 | THGMAZU LX | A2DM9G | No |
ZE | Acc | EUR | Gross | 0,75% | 5,00% | 1.500.000 | 12-07-17 | LU1642712183 | BYVX9B9 | — | — | No |
Fund Manager
Maya Bhandari joined the company in 2014 and is a portfolio manager and member of the Global Asset Allocation team. In this role she is responsible for managing and co-managing a range of multi-asset portfolios, as well as providing strategic and tactical input to the company's asset allocation process.
Before joining the company, Maya spent over 10 years advising buy-side companies on their multi-asset strategies. Most recently, she was a strategist and director at Citigroup within the Global Macro Strategy & Asset Allocation team where she developed broad global macro themes and investment ideas across asset classes. She was also a member of the Citi Private Bank's Investment Committee, where she advised the private bank on their asset allocation decisions. Prior to that, she spent six years at Lombard Street Research, latterly as head of Emerging Markets Analysis, whilst also previously working as a senior economist and strategist. Maya started her career as an economist for the European Commission.
Maya holds an MA (First Class Honours) in Economics from Edinburgh University, and a MPhil in International Relations from Cambridge University.
Key Risks
Investment risk
The value of investments can fall as well as rise and investors might not get back the sum originally invested.
Issuer risk
The Fund invests in securities whose value would be significantly affected if the issuer refused, was unable to or was perceived to be unable to pay.
Liquidity risk
The fund holds assets which could prove difficult to sell. The fund may have to lower the selling price, sell other investments or forego more appealing investment opportunities.
Inflation risk
Most bond and cash funds offer limited capital growth potential and an income that is not linked to inflation. Inflation is likely to affect the value of capital and income over time.
Interest rate risk
Changes in interest rates are likely to affect the fund’s value. In general, as interest rates rise, the price of a fixed rate bond will fall, and vice versa.
Valuation risk
The fund’s as sets may sometimes be difficult to value objectively and the actual value may not be recognised until assets are sold.
Investment in derivatives
The Investment Policy of the fund allows it to invest materially in derivatives.
Leverage risk
Leverage amplifies the effect that a change in the price of an investment has on the fund’s value. As such, leverage can enhance returns to investors but can also increase losses, including losses in excess of the amount invested.
Volatility risk
The fund may exhibit significant price volatility.
Currency risk
Where investments are in assets that are denominated in multiple currencies, or currencies other than your own, changes in exchange rates may affect the value of the investments.
Important Information
For internal use by Professional and/or Qualified Investors only (not to be used with or passed on to retail clients). Past performance is not a guide to future performance. The value of investments and any income is not guaranteed and can go down as well as up and may be affected by exchange rate fluctuations. This means that an investor may not get back the amount invested. Threadneedle (Lux) is an investment company with variable capital (Société d’investissement à capital variable, or “”SICAV””) formed under the laws of the Grand Duchy of Luxembourg. The SICAV issues, redeems and exchanges shares of different classes. The management company of the SICAV is Threadneedle Management Luxembourg S.A, which is advised by Threadneedle Asset Management Ltd. and/or selected sub-advisors. This material is for information only and does not constitute an offer or solicitation of an order to buy or sell any securities or other financial instruments, or to provide investment advice or services.
“Subscriptions to a Fund may only be made on the basis of the current Prospectus and the Key Investor Information Document, as well as the latest annual or interim reports and the applicable terms & conditions. Please refer to the ‘Risk Factors’ section of the Prospectus for all risks applicable to investing in any fund and specifically this Fund. Documents other than KIIDs are available in English, French, German, Portuguese, Italian, Spanish and Dutch (no Dutch Prospectus). KIIDs are available in local languages. Documents can be obtained free of charge on request by writing to the management company at 44, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg, from International Financial Data Services (Luxembourg) S.A. at 47, avenue John F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg, from www.columbiathreadneedle.com and/or from Belgium: CACEIS Belgium S.A., avenue du Port 86 C b 320, 1000 Brussels.
The mention of any specific shares or bonds should not be taken as a recommendation to deal. The fund characteristics described above are internal guidelines (rather than limits and controls). They do not form part of the fund’s objective and policy and are subject to change without notice in the future.The analysis included in this document has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable but its accuracy or completeness cannot be guaranteed.
Threadneedle Management Luxembourg S.A. Registered with the Registre de Commerce et des Societes (Luxembourg), Registered No. B 110242 44, rue de la Vallée, L-2661 Luxembourg, Grand Duchy of Luxembourg. Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.
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