CT (Lux) Pan European Focus
We seek gems – the growing and transformative businesses quietly creating the future
The fund aims to achieve long-term capital growth. We invest in a concentrated portfolio of high-quality European companies with strong pricing power capable of delivering sustainable risk-adjusted returns. Anchored in fundamental research, our bottom-up stock selection creates an unconstrained, best-ideas portfolio..
Competitive advantage can drive returns
We focus on businesses with structural advantages: pricing power, barriers to entry, and a strong market position. We analyse the value chain, evaluating industry dynamics and competitive resilience.
Transformation can boost shareholder returns
We identify companies undergoing positive change: entering high-growth markets, making acquisitions, restructuring, with rejuvenating leadership.
Value creation
Few companies consistently generate sustainable returns. We identify these compounders, which reinvest at competitive rates of return with potential for enduring value.
“We seek companies with a competitive advantage, well-positioned in the value chain of their industry, and undergoing transformation – they can offer steady and growing returns. Many European businesses offer unique products and services, which inspire customer loyalty.”
Frederic Jeanmaire is A-rated Manager by Citywire and a Trustnet Alpha Manager.
https://citywire.com/wealth-manager/manager/frederic-jeanmaire/d28367
Source and Copyright: Citywire. Frederic Jeanmaire is A rated by Citywire for his rolling three-year risk-adjusted performance across all funds the manager is managing to 30 July 2025. Citywire Portfolio Manager Ratings and Citywire Rankings are proprietary to Citywire Financial Publishers Ltd (“Citywire”) and © Citywire 2025. All rights reserved.
Features
1. High-conviction approach
2. Clear, differentiated philosophy
3. Targets strong outperformance
1. High-conviction approach
2. Clear, differentiated philosophy
3. Targets strong outperformance
Security Name | Fund (%) | Index (%) | |
|---|---|---|---|
Rolls-Royce Holdings plc | 7.5 | 1.1 | Industrials |
Safran SA | 6.7 | 1.0 | Industrials |
ASML Holding NV | 5.0 | 3.0 | Information Technology |
Prosus N.V. Class N | 4.7 | 0.7 | Consumer Discretionary |
Munchener Ruckversicherungs-Gesellschaft AG | 4.7 | 0.6 | Financials |
Hannover Rueck SE | 4.5 | 0.1 | Financials |
Siemens Energy AG | 4.5 | 0.6 | Industrials |
Sandvik AB | 4.5 | 0.2 | Industrials |
Galderma Group AG | 4.4 | 0.2 | Health Care |
ABB Ltd. | 4.4 | 0.9 | Industrials |
Total | 50.8 | 8.4 |
Source: Columbia Threadneedle Investments as at 30 September 2025. Index refers to MSCI Europe.
Our Investment and Client Portfolio Management Team
Frederic Jeanmaire joined the company in 2011 and is a portfolio manager in the European equities team. He is the portfolio manager of CT Pan European Focus Fund and CT (Lux) Pan European Focus Fund. He is the co-manager of the CT European Fund and the CT (Lux) Pan European Absolute Alpha Fund. He also manages several mandates for institutional clients. Before joining the company, Frederic worked at BofA Securities as an equity research analyst. Frederic graduated from HEC in Paris and is a CFA Charterholder.
Paul Doyle joined the company in 1995 as a portfolio manager in the European equities team. He manages a number of institutional portfolios and jointly manages the CT European Fund and pan European absolute alpha strategy. He became head of large cap European equities in 2022. Paul started his career with Fidelity as an analyst before moving to Foreign & Colonial as a European portfolio manager, where he specialised in smaller companies and Mediterranean markets. He holds an MA in History and History of Art from Cambridge University.
Francis Ellison is a client portfolio manager in the European equities team. He joined in 2007 and provides information on capabilities and investment views to clients, consultants and other intermediaries. Francis was a portfolio manager, first at MIM Britannia and then at Kleinwort Benson Investment Management. In 1992 he became Managing Director of Bank of Ireland Asset Management (UK). Francis was head of institutional sales and client servicing at Jupiter Asset Management from 2000 to 2005, then moved to SEI as Head of UK institutional sales. Francis holds a BA (Hons) in Law from Durham University and speaks German, French and Italian.
Alex Landau is a product specialist in the European equities team. He provides information on our European equity capabilities and investment views to clients, consultants and other intermediaries. He joined the company in 2019 as part of our graduate programme, transferring to the European equity team in 2022. Alex has a degree with First Class Honours in Environmental Science from the University of Birmingham.
Our approach
Our approach
The Funds
The Funds
Frederic Jeanmaire joined the company in 2011 and is a portfolio manager in the European equities team. He is the portfolio manager of CT Pan European Focus Fund and CT (Lux) Pan European Focus Fund. He is the co-manager of the CT European Fund and the CT (Lux) Pan European Absolute Alpha Fund. He also manages several mandates for institutional clients. Before joining the company, Frederic worked at BofA Securities as an equity research analyst. Frederic graduated from HEC in Paris and is a CFA Charterholder.
Ryan Osborn is a senior portfolio manager, co-head of Structured Credit for the Structured Assets team at Columbia Threadneedle Investments. He began his career at Columbia Threadneedle Investments in 2004 on the commercial real estate lending team. In 2008, Ryan was promoted to research analyst covering non-agency MBS. In 2012, he was promoted to head of structured assets research, overseeing all RMBS, CMBS and ABS research. In 2019, he became a senior portfolio manager focusing on structured assets credit, and in 2022 was promoted to co-head of structured assets. Ryan received a B.B.A. with a double major in finance and real estate from the University of Wisconsin – Madison. In addition, he holds the CFA® designation.
Francis Ellison is a client portfolio manager in the European equities team. He joined in 2007 and provides information on capabilities and investment views to clients, consultants and other intermediaries. Francis was a portfolio manager, first at MIM Britannia and then at Kleinwort Benson Investment Management. In 1992 he became Managing Director of Bank of Ireland Asset Management (UK). Francis was head of institutional sales and client servicing at Jupiter Asset Management from 2000 to 2005, then moved to SEI as Head of UK institutional sales. Francis holds a BA (Hons) in Law from Durham University and speaks German, French and Italian.
Alex Landau is a product specialist in the European equities team. He provides information on our European equity capabilities and investment views to clients, consultants and other intermediaries. He joined the company in 2019 as part of our graduate programme, transferring to the European equity team in 2022. Alex has a degree with First Class Honours in Environmental Science from the University of Birmingham.
Full fund details
On 12 December 2024, the fund changed its name to CT (Lux) Pan European Focus Fund, and the investment objective and policy changed. From this date, the fund has been managed in line with the Pan-European Focus strategy. Performance prior to this date does not reflect the current investment objective.
Insights
European improvement, not just US weakness
European equities: resilience amid global trade tariff turmoil
Why the time is ripe for Europe
Upcoming events
Get in touch
Key risks
The value of investments can fall as well as rise and investors might not get back the sum originally invested.
Where investments are in assets that are denominated in multiple currencies, or currencies other than your own, changes in exchange rates may affect the value of the investments.
The Fund may invest in derivatives (complex instruments linked to the rise and fall of the value of other assets) with the aim of reducing risk or minimising the cost of transactions. Such derivative transactions may benefit or negatively affect the performance of the Fund. The Manager does not intend that such use of derivatives will affect the overall risk profile of the Fund.
The Fund has a concentrated portfolio (holds a limited number of investments and/or has a restricted investment universe) and if one or more of these investments declines or is otherwise affected, it may have a pronounced effect on the Fund’s value.
The Fund applies a range of measures as part of its consideration of ESG factors, including the exclusion of investments involved in certain industries and/or activities. This reduces the investable universe, and may impact the performance of the Fund positively or negatively relative to a benchmark or other funds without such restrictions.
An investment style bias can impact a Fund’s performance relative to its benchmark in a positive or negative way. No investment style performs well in all market conditions. When one style is in favour another may be out of favour. Such conditions may persist for short or long periods. A Fund exhibits a growth style bias relative to its benchmark if the majority of the Fund invests in companies with above average growth rates, or good growth potential (based on indicators such as earnings and sales growth) relative to its benchmark. However, there is no guarantee that such companies will continue to show such characteristics in the future. A Fund’s investment style may also change over time.
The risks currently identified as applying to the Fund are set out in the “Risk Factors” section of the prospectus.
Important information
FOR PROFESSIONAL INVESTORS ONLY. For marketing purposes. Your capital is at risk.
Columbia Threadneedle (Lux) I is a Luxembourg domiciled investment company with variable capital (“SICAV”), managed by Threadneedle Management Luxembourg S.A. This material should not be considered as an offer, solicitation, advice or an investment recommendation. This communication is valid at the date of publication and may be subject to change without notice. Information from external sources is considered reliable but there is no guarantee as to its accuracy or completeness.
The SICAV´s current Prospectus, the Key Information Document and the summary of investor rights are available in English and/ or in local languages (where applicable) from the Management Company Threadneedle Management Luxembourg S.A., International Financial Data Services (Luxembourg) S.A., your financial advisor and/or on our website www.columbiathreadneedle.com.
Threadneedle Management Luxembourg S.A. may decide to terminate the arrangements made for the marketing of the SICAV.
These documents are available in Switzerland from the Swiss Paying Agent CACEIS Bank Montrouge, Zurich Branch / Switzerland Bleicherweg 7, CH 8027 Zurich.
In Spain, Columbia Threadneedle (Lux) I is registered with the CNMV under No. 177. The Fund is a non-Spanish collective investment scheme duly registered with the CNMV for marketing in Spain. The fund should be subscribed to through locally authorised appointed distributors. Investors must read the relevant Prospectus and KID for each fund they want to invest before subscribing. All other statutory documentation, as well as the NAV can be obtained from www.columbiathreadneedle.com.
Past performance is calculated according to the BVI method in Germany.
The Fund is categorised as Article 8 under the EU Regulation 2019/2088 on sustainability related disclosures in the financial services sector (SFDR) and promotes environmental and/or social characteristics. The decision to invest in the promoted fund should also take into account all the characteristics or objectives of the promoted fund as described in its prospectus. The Fund’s sustainability related disclosures can be found on our website columbiathreadneedle.com.
In the EEA and Switzerland: Threadneedle Management Luxembourg S.A., having its address at 6E route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, registered with the Luxembourg Registre de Commerce et des Sociétés with No. B 110242 and authorised by the Commission de Surveillance du Secteur Financier (CSSF).
Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.
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