Threadneedle plans new funds in Singapore, HK

ASSET management group Threadneedle Investments aims to launch new funds in Singapore and Hong Kong, as it seeks to further expand its presence in Asia.

The firm recently announced a rebranding of its business as Columbia Threadneedle Investments by the first half of this year.

Threadneedle chairman (Asia-Pacific) Raymundo Yu says the firm's expansion in the region has so far exceeded his expectations. "I am very pleased with the pace of expansion. . . We have been successful in showing our manufacturing capability. This has resonated with sovereign wealth funds, central banks and large corporates." he said.