The team at a $714-billion-AUM fund firm is celebrating a big milestone for one of their equity mutual funds.

Kari L. Montanus Columbia Threadneedle Investments Portfolio Manager

Yesterday, Columbia Threadneedle Investments' [profile] Kari Montanus trumpeted that the Columbia Select Mid Cap Value Fund recently reached its 20-year anniversary. The high-conviction, bottom-up fund first launched on November 20, 2001 and now has $2.628 billion in AUM.

Montanus is the 20-year-old fund's lead PM, while Jonas Patrikson is the co-PM. (Montanus has been its lead PM since 2018.)

"Mid cap value is the 'sweet spot' of the market currently," Montanus states. "This overlooked asset class can be a source of diversification for investors, as it offers exposure to areas of the economy likely to benefit from more peristent inflation and the reopening of the economy." 

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