Threadneedle has dropped its plans to launch an Asset Backed Income trust investing in asset-backed securities due to insufficient investor demand.
The trust’s launch has been shelved following its failure to raise sufficient capital.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The trust, which was to be managed by head of European secured credit at Threadneedle Henry Cooke, has failed to reach its fundraising target of £200 million.
A spokesperson for Threadneedle said: "Following market testing we have concluded that there is insufficient investor demand to support the planned ABS vehicle at this time.
"We continue to believe there is an opportunity for clients in the sector, and may revisit at a later date," he added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
