MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, May 13, 2011 Threadneedle Will Power a New Columbia Fund 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. Printed from: MFWire.com/story.asp?s=36801 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |