Thomas White International Announces Launch of UCITS Global Equity Strategy
New fund seeded by South African private client wealth manager, Citadel
Investment Services Pty Ltd.
CHICAGO -- May 15, 2013
Thomas White International, Ltd. is pleased to announce the launch of Thomas
White Worldwide Funds plc., a self-managed UCITS IV structure regulated by the
Central Bank of Ireland, which makes the firm’s global and emerging markets
strategies more accessible to institutional investors across the globe.
The Thomas White Global Equity Fund, now open to investors, is the first
offering under the firm’s UCITS umbrella fund.
The new global equity strategy is now available to investors through a series
of pooled fund share classes across multiple currencies, USD, GBP, and EUR.
Apart from being more cost effective, the UCITS vehicle reduces the
operational complexities of managing globally diversified portfolios using
segregated accounts. This strategy may be offered to retail investors in the
future, once the UCITS umbrella structure builds a larger asset base.
Dr. BM Griesel, Director, Asset Management of Citadel Investment Services Pty
Ltd, commented, “We are very pleased to have the opportunity to invest
offshore on behalf of our clients into the Thomas White global equity
strategy. We believe this to be a core global equity offering with a
consistent value bias, managed by a highly experienced team, and its
distinguished, long track record is testament to a carefully constructed,
tried and tested investment process.”
Thomas S. White, Jr., president, Thomas White International, added, “A
differentiated investment approach that is 70% quantitative and 30%
fundamental sets the firm apart from most other managers.” The firm’s research
process divides the Global/Emerging Markets universes into industry/country
sub-groups based on specific fundamental and market related metrics which
helps establish a company's long-term relative value. Qualitative information
is added as the final step in the stock selection process. These independent
bets roll-up at the final portfolio level, compounding the winning percentage
without taking the explicit style or higher tracking error risks associated
with other peer approaches. “This method identifies out-of-favor investment
opportunities while mitigating risk through meticulous stock selection and
experienced decision-making by a senior investment committee,” White
The Prospectus and Key Investor Information Documents are available at
About Thomas White International
Thomas White International is a U.S. registered investment advisor founded in
1992 by Thomas S. White, Jr., a former managing director of Morgan Stanley
Asset Management. It manages $2.1 billion as of March 31, 2013 across global,
international and domestic portfolios using a value style. In addition to the
Thomas White family of no-load mutual funds, which includes the flagship
Thomas White International Fund, the Thomas White Emerging Markets Fund, and
the Thomas White American Opportunities Fund, Thomas White International
offers global, international and emerging markets products for SMA programs
and separately managed accounts. Please visit www.thomaswhite.com for more
About Citadel Investment Services Pty Ltd
Citadel Investment Services Pty Ltd is a South African private client wealth
management company, providing a full range of investment advisory services to
a significant number of financially independent individuals and families.
Assets under management currently amount to just over $2.5 billion. The focus
is on guiding financially responsible people through the process of securing
and maintaining their financial independence. Citadel's global solution
incorporates financial and investment planning in all the major currencies,
comprehensive estate and fiduciary planning including local & offshore trust
advice and international holding structures. Citadel Investment Services Pty
Ltd is registered as an investment manager with the South African Financial
Services Board (FSB). It is a wholly-owned, fully autonomous subsidiary of
Peregrine Holdings Limited, a specialized financial services group listed on
the Johannesburg Securities Exchange.
©2013 Thomas White International, Ltd. All Rights Reserved.
Thomas White International
Christopher Neill, CFA
440 South La Salle Street, Suite 3900
Chicago, Illinois 60605
Phone: 312-663-8300 | Fax: 312-663-8323
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