Threadneedle completes purchase of World Express

Jun 2, 2009

The deal with Standard Chartered Bank broadens Threadneedle's product offering and expands its distribution reach in Asia, especially Taiwan.

Threadneedle has completed its acquisition of Standard Chartered Bank's World Express Funds business. The transaction, which was first announced earlier this year, provides Threadneedle with an established Luxembourg-based Sicav platform that includes 35 funds with total assets of $2.38 billion and expands its distribution reach in Asia.

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