Individual investors now have access to an
investment strategy that has been offered institutionally for more
than a decade
Columbia Threadneedle Investments today announced the launch of
the Columbia Overseas Core Fund (COSAX), an international
equity fund that seeks long-term capital appreciation through
active investments in value and growth equity securities of
non-U.S. issuers, including those in emerging markets.
The fund is designed to meet the needs of investors who want to
grow assets to achieve their financial goals. The fund’s portfolio
managers, Fred Copper and Daisuke Nomoto, will invest in companies
that they believe are attractively priced and have better growth,
returns and profitability versus the fund’s benchmark, the MSCI
EAFE Index.1 Generating ideas with Columbia Threadneedle’s global
research team, the portfolio managers believe that stocks with a
combination of these attributes tend to outperform through market
cycles.
“Daisuke and I have worked closely together for 13 years,
managing an overseas core strategy for institutional clients. We
hope that by launching this new fund, we can offer a compelling
international equity strategy to a broader set of investors
demanding more options for EAFE-benchmarked funds,” said Fred
Copper, senior portfolio manager and head of the International
Equity Team at Columbia Threadneedle Investments.
Messrs. Copper and Nomoto also manage the Columbia Overseas
Value Fund, which has an overall rating of five stars by
Morningstar, as of December 31, 2017.
Columbia Overseas Core Fund invests at least 80% of its net
assets in equity securities of foreign companies. The fund may
invest up to 20% of its net assets in emerging market
countries.
Columbia Overseas Core Fund offers share classes A, C, R,
Institutional, Institutional 2, Institutional 3 and Advisor.
About the portfolio managers:Fred Copper, CFA is a
senior portfolio manager and head of the International Equity Team
for Columbia Threadneedle Investments. Mr. Copper joined one of the
Columbia Threadneedle Investments legacy firms in 2005. Previously,
Mr. Copper was a senior vice president with Putnam Investments
where he co-managed $1.5 billion in international and global value
portfolios, as well as serving as a lead manager for a small-cap
value portfolio and as a member of the global value portfolio
management team. Prior to that, he was an assistant vice president
with Wellington Management Company. He has been a member of the
investment community since 1990. Mr. Copper received a B.S. from
Boston College and an MBA from the University of Chicago. In
addition, he holds the Chartered Financial Analyst®
designation.
Daisuke Nomoto, CMA (SAAJ) is head of Japanese equities
at Columbia Threadneedle Investments. Prior to his current role, he
was a director and senior portfolio manager on the International
Equity Team. Mr. Nomoto joined one of the Columbia Threadneedle
Investments legacy firms in 2005. Previously, Mr. Nomoto worked as
an equity analyst at Putnam Investments. Prior to that, he held a
variety of positions for Nippon Life Insurance, including four
years as a senior portfolio manager and equity analyst at Nissay
Asset Management, Tokyo, and five years as an equity analyst with
NLI International in New York. He has been a member of the
investment community since 1993. Mr. Nomoto received a B.A. from
Shiga University, Japan. He is a chartered member of the Security
Analysts Association of Japan.
About Columbia Threadneedle Investments:Columbia
Threadneedle Investments is a leading global asset manager 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
$495 billion2 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
https://www.columbiathreadneedleus.com/. Follow us on Twitter.
1 The MSCI EAFE Index is designed to represent the performance
of large and mid-cap securities across 21 developed markets,
including countries in Europe, Australasia, and the Far East,
excluding the U.S. and Canada. It is not possible to invest
directly in an index.2As December 31, 2017.
Columbia Threadneedle Investments is the global brand name of
the Columbia and Threadneedle group of companies.
Investment products offered through Columbia Management
Investment Distributors, Inc., member FINRA. Advisory services
provided by Columbia Management Investment Advisers, LLC.
AdTrax 2044805
Investors should consider the investment objectives, risks,
charges and expenses of a mutual fund carefully before investing.
For a free prospectus or a summary prospectus, which contains this
and other important information about the funds, visit
columbiathreadneedle.com/us. Read the prospectus
carefully before investing.
Market risk may affect a single issuer, sector of the
economy, industry or the market as a whole. International
investing involves certain risks and volatility due to potential
political, economic or currency instabilities and different
financial and accounting standards. Risks are enhanced for
emerging market issuers. Growth securities, at times,
may not perform as well as value securities or the stock market in
general and may be out of favor with investors. Value
securities may be unprofitable if the market fails to recognize
their intrinsic worth or the portfolio manager misgauged that
worth. Investing in derivatives is a specialized activity
that involves special risks that subject the fund to significant
loss potential, including when used as leverage, and may result in
greater fluctuation in fund value. The value of the fund’s
portfolio may be more volatile than a more geographically
diversified fund.
© 2018 Morningstar. All rights reserved. The Morningstar
information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed;
and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for
any damages or losses arising from any use of this
information.
For each fund with at least a three-year history, Morningstar
calculates a Morningstar RatingTM used to rank the
fund against other funds in the same category. It is calculated
based on a Morningstar Risk-Adjusted Return measure that accounts
for variation in a fund's monthly excess performance, without any
adjustments for loads (front-end, deferred, or redemption fees),
placing more emphasis on downward variations and rewarding
consistent performance. Exchange-traded funds and open-ended
mutual funds are considered a single population for comparative
purposes. The top 10% of funds in each category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars and the bottom 10% receive 1 star (Each
share class is counted as a fraction of one fund within this scale
and rated separately, which may cause slight variations in the
distribution percentages).
The Columbia Overseas Value Fund Morningstar ratings for the
overall-, three- and five-year periods for the A-share are 5 stars,
5 stars and 5 stars among 265, 265 and 208 Foreign Large Value
funds, respectively, and are based on a Morningstar Risk-Adjusted
Return measure. The Overall Morningstar Rating for a fund is
derived from a weighted average of the performance figures
associated with its three-, five- and ten-year (if applicable)
Morningstar Rating metrics. The Morningstar RatingTM is as of
12/31/2017 and for Class A shares only; other classes may have
different performance characteristics and may have different
ratings.
© 2018 Columbia Management Investment Advisers, LLC. All rights
reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180305005772/en/
Columbia Threadneedle InvestmentsLiz Kennedy,
617-897-9394liz.kennedy@ampf.com
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Apr 2023 to Apr 2024