Columbia [profile] experienced continued outflows in the first quarter.

In its Q1 earnings report, Ameriprise reported that Columbia Management had retail net outflows of $2.9 billion in the quarter, which included $2.3 billion of previously disclosed former parent net outflows.

Ameriprise noted that, even though Columbia was still experiencing outflows, retail trends showed significant improvement with net inflows in fixed income funds and underlying equity funds showing strong momentum when considering net outflows from former parent portfolios.

For the full earnings release, click here.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE