On 1st April 2019, Columbia Threadneedle announced the departure of Mark Nichols, co-manager of the Threadneedle European Select fund. Following this news, the fund remains on our Recommended list.
The fund was co-managed by Mr Nichols and David Dudding. Following this news, David Dudding continues as the senior portfolio manager, with team-member Benjamin Moore joining him as co-manager and Sohil Chotai working closely with them as an analyst. Mr Dudding joined the firm in 1999 and has been a manager on this fund since 2008.
Threadneedle European Select is a well-established fund that is managed with a distinct growth bias, with a focus upon larger companies with strong competitive positions. The team at Columbia Threadneedle is well-resourced, numbering 13 investment professionals, led by Philip Dicken.
Given the continuity of team-members and approach, the fund remains on our Recommended list. Nonetheless, this is an important change and we will monitor the progress of the fund carefully under this new co-management structure.
Mr Nichols will join Jupiter in July 2019 to take on the management of Jupiter European, which features on our Established list.
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