The folks at the $593-billion-AUM asset management arm of a publicly traded financial services company celebrated a top-rated fund's silver anniversary last week.
| William F. "Ted" Truscott|
On July 28, the Columbia Flexible Capital Income Fund reached
its 10th birthday. The $1.3-billion-AUM
allocation mutual fund is still PMed by its two launch
PMs — David King
(head of income and growth strategies at Ameriprise's Columbia Threadneedle
]) and Yan Jin
— and a third PM, Grace Lee
, joined the fund's PM team last year.
The trio use a bottom-up, go-anywhere approach to managing the fund, which is currently rated five stars.
"There is a misconception that different analytical skills are required to assess various types of securities," King states. "I disagree. My team and I are focused on a firm's cash flow and balance sheet, regardless of security type."
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