Columbia Threadneedle have recently announced that they will be closing the CT UK Smaller Cap Fund on 13th June 2024.
Columbia Threadneedle have stated:
"The Fund has experienced a continuing decline in assets and failed to attract significant new investment during the last five years which we now consider is likely to negatively impact both the performance of the Fund and the costs of operating the Fund. Without additional investment, the Fund will become unviable as the decreasing size will make the Fund difficult to run efficiently. Furthermore, the Ongoing Charge Figure (OCF) will increase. On this basis, we believe the closure of the Fund is in the best interests of shareholders."
The fund will stop dealing in shares from 12:01pm on 12th June 2024 and will close on 13th June 2024. If you wish to switch to a different fund prior to closure, please let us know and we can assist with this. The option to switch closes at 12 noon on 12th June 2024. If no action is taken, the units held will be redeemed automatically on 13th June 2024 and the proceeds sent to clients.
If this is something that may interest you, please get in touch.
- uploaded - 19 April 2024