Threadneedle has rolled out a Sicav version of the $1.5 billion U.S. Contrarian Core fund managed by Columbia Management, Investment Week reports. Guy Pope, senior portfolio manager at the U.S. asset manager Columbia, will run the new Threadneedle U.S. Contrarian Core Equities fund. Harvey Liu will be co-manager.

The fund is awaiting approval from the Financial Services Authority (FSA) for sale in the U.K. Columbia Management and Threadneedle are subsidiaries of U.S. firm Ameriprise Financial. The fund will invest in large-cap U.S. stocks which are in the bottom third of their 52-week price range.

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