InvestmentsApr 1 2014

Threadneedle strikes distribution deal with Stanlib

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Threadneedle has signed a deal with South African fund management company Stanlib to distribute equity and property products globally.

Stanlib runs an African equity fund, which focuses on “frontier markets” excluding South Africa, a Global Emerging Market Property fund and a direct property strategy.

The UK fund management giant said the strategies would only be available to “professional investors” initially.

Threadneedle’s relationship with Stanlib began in 2012 when it agreed to run more than $800m (£481m) in various equity and multi-asset mandates for Stanlib clients.

Michael Housden, head of Middle East and Africa distribution at Threadneedle, said he expected to see “increasing demand from investors for exposure to Africa given the tremendous growth opportunities the continent offers”.