Columbia Threadneedle Investments today announced that Columbia
Management Investment Advisers, LLC has completed its acquisition
of Emerging Global Advisors, LLC (EGA), a New York-based registered
investment adviser and a leading provider of strategic beta
emerging market portfolios. Terms of the acquisition were not
disclosed.
The acquisition adds over $900 million1 in assets across a suite
of nine emerging markets equity exchange-traded funds (ETFs) and
significantly expands the firm’s capabilities in the development,
management and deployment of innovative strategic beta products.
The product line includes strategic and thematic index-based
investment strategies, highlighted by the $671 million2 EGShares
Emerging Markets Consumer ETF (ECON).
“We believe that our combined strategic beta offerings enhance
and complement our actively managed investment capabilities and
bring our expertise to a broader set of investors,” said Ted
Truscott, chief executive officer of Columbia Threadneedle
Investments. “We are pleased to welcome our new EGA colleagues to
Columbia Threadneedle and to offer our clients and partners a
strong platform of strategic beta portfolios.”
Marc Zeitoun, formerly EGA chief product and marketing officer,
now leads Columbia Threadneedle’s strategic beta platform as head
of strategic beta, reporting to Mr. Truscott. Edward Kerschner now
serves as chief portfolio strategist for strategic beta, reporting
to Colin Moore, global chief investment officer, and Mr.
Zeitoun.
Effective today, EGA’s website (www.emergingglobaladvisors.com)
has been rebranded to Columbia Threadneedle Investments. Product
information and market commentary related to the EGShares suite of
ETFs can be found by visiting www.columbiathreadneedleetf.com and
accessing the emerging market ETF section.
The company intends to rebrand the EGShares ETFs to Columbia
later this year, consistent with the naming convention for the
firm’s U.S. mutual funds and other ETFs. There will be no changes
to the funds’ ticker symbols.
About Columbia Threadneedle Investments:Columbia
Threadneedle Investments is a leading global asset management group
that provides a broad range of investment strategies and solutions
for individual, institutional and corporate clients around the
world.
With more than 2,000 people, including over 450 investment
professionals based in North America, Europe and Asia, we manage
$460 billion3 of assets across developed and emerging market
equities, fixed income, asset allocation solutions and
alternatives.
Columbia Threadneedle Investments is the global asset management
group of Ameriprise Financial, Inc. (NYSE: AMP).
For more information, please visit columbiathreadneedle.com/us
and columbiathreadneedleetf.com.
1As of June 30, 20162As of July 31, 20163As of June 30, 2016
Notes to Editors:The
Columbia Beta AdvantageSM suite of smart beta ETFs consists of:
Columbia Sustainable Global Equity Income ETF (ESGS), Columbia
Sustainable International Equity Income ETF (ESGN) and Columbia
Sustainable U.S. Equity Income ETF (ESGW).
The Columbia Beta Advantage ETFs are a natural extension of our
equity income capabilities and track custom-designed multi-factor
indices that are calculated and maintained by MSCI. Each ETF’s name
includes “Sustainable,” which refers to selection of index
constituents based on their environmental, social and governance
(ESG) practices.
The EGShares suite of nine emerging-markets equity exchanged
traded funds (ETFs) that track custom designed indices consists
of:
- EGShares Beyond BRICs (BBRC)
- EGShares EM Core ex-China (XCEM)
- EGShares EM Quality Dividend
(HILO)
- EGShares EM Strategic Opportunities
(EMDD)
- EGShares Emerging Markets Consumer
(ECON)
- EGShares Emerging Markets Core
(EMCR)
- EGShares India Consumer (INCO)
- EGShares India Infrastructure
(INXX)
- EGShares India Small Cap (SCIN)
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. The Prospectus
contains this and other information. For more complete information
about the fund or to obtain a Prospectus, call 888-800-4347 or
visit www.columbiathreadneedleetf.com. Please read
the Prospectus carefully before investing.
Edward Kerschner and Marc Zeitoun are Registered Reps of ALPS
Distributors, Inc.
Shares are not individually redeemable. Investors buy and sell
shares on a secondary market. Only “authorized participants” may
trade directly with the fund(s), typically in blocks of 50,000
shares.
Smart beta is an approach to indexing that weights companies by
criteria other than market capitalization. Smart beta strategies
are rules-based, with product-specific rules that are transparent
to the market. They track indices that deviate from standard
indices in security selection and weighting.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value. Investment products, including shares of
funds, are not federally or FDIC-insured, are not deposits or
obligations of, or guaranteed by any financial institution.
Investing involves risk including the risk of loss of principal.
Emerging market investments involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles, from economic or
political instability in other nations or increased volatility, and
lower trading volume. The value of an investment denominated in a
foreign currency could change significantly as foreign currencies
strengthen or weaken relative to the U.S. dollar. Some Funds are
non-diversified and, as a result, may have greater volatility than
diversified funds. Some Funds will concentrate investment in
issuers of one or more particular industries to the same extent
that the underlying index is so concentrated. Concentration risk
results from maintaining exposure to issuers conducting business in
a specific industry.
Columbia Management Investment Advisers, LLC serves as the
investment manager to the ETFs. The ETFs are distributed by ALPS
Distributors, Inc., which is not affiliated with Columbia
Management Investment Advisers, LLC, or its parent company
Ameriprise Financial, Inc. Columbia Threadneedle Investments is the
global brand name of the Columbia and Threadneedle group of
companies.
As of the Closing Date, the following funds will operate under
an interim investment advisory agreement with CMIA for up to 150
days: EGShares EM Strategic Opportunities ETF, EGShares Emerging
Markets Core ETF, EGShares India Consumer ETF and EGS Shares India
Infrastructure ETF. During this period, continued proxy
solicitation will be made to shareholders related to the new
agreement. To the extent that any such fund does not approve a new
advisory agreement with CMIA, it may be liquidated. Shareholders of
the remaining funds have approved a new investment advisory
agreement with CMIA.
The Beta Advantage indexes are custom indexes owned and
calculated by MSCI, based on MSCI Parent Indexes and aim to reflect
the performance of a Columbia Management Investment Advisers, LLC
investment approach.
The Beta Advantage ETFs referred to herein are not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such funds or any index on which such funds are
based. The Prospectus contains a more detailed description of the
limited relationship MSCI has with Columbia Management Investment
Advisers, LLC and any related funds.
Columbia Beta Advantage ETFs are new and have limited
history.
The content within this press release is for informational
purposes only and is not an offer to sell any of these
securities.
Columbia Management Investment Advisers, LLC.
AdTrax 1579247 / (09/16) CET000120 (Exp. Sept 1, 2017)
© 2016 Columbia Management Investment Advisers, LLC. All rights
reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20160901005768/en/
For Columbia Threadneedle InvestmentsCarlos Melville,
617-897-9384carlos.melville@ampf.comorRyan Lund,
612-671-3459ryan.s.lund@ampf.com
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