The fund, which will be managed by Paul Doyle, has been approved by the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg and approval is pending in other jurisdictions.
Doyle, who joined Threadneedle in 1995, has more than 20 years’ experience in European equities.
The fund uses the same process and resources as the Threadneedle Apex European Fund.
The company said that the portfolio will primarily take long and short positions in European equities and will aim to generate the majority of performance from stock selection.
Doyle said that despite the negative news flow surrounding Europe recently, they believe that it is an exciting time to look at European equities as we are able to find many companies at compelling valuations.
"The opportunity to deliver absolute returns through fundamental and valuation analysis with high conviction long and short positions is considerable," added Doyle.
