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Rating:Threadneedle Will Power a New Columbia Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 13, 2011

Threadneedle Will Power a New Columbia Fund

News summary by MFWire's editors

Columbia Management [see profile] has two new mutual funds in the works for 2011, one powered by Threadneedle. Last Friday the Ameriprise subsidiary filed to create the Columbia Commodity Strategy Fund and the Columbia Flexible Capital Income Fund [see filing].

The MFWire could not immediately reach a Columbia spokesman for comment.

Both funds are tentatively scheduled for launch 75 days from filing, i.e. mid-July, pending SEC approval. Columbia has not yet unveiled pricing for either fund.

The commodity fund will be sub-advised by another Ameriprise subsidiary, Threadneedle, with David Donora and Nicolas Robin PMing and Daniel Belchers as deputy PM. It will offer I and W shares only.

Columbia's own David King and Yan Jin will PM the income fund, which will offer A, C, I, R and Z shares.

Columbia will serve as the funds' transfer agent, administrator and distributor. JPMorgan will provide custody services. 

Edited by: Neil Anderson, Managing Editor

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