BOSTON--(BUSINESS WIRE)--Columbia Threadneedle Investments today announced the launch of the Columbia Overseas Core Fund (COSAX), an international equity fund that seeks long-term capital appreciation through active investments in value and growth equity securities of non-U.S. issuers, including those in emerging markets.
The fund is designed to meet the needs of investors who want to grow assets to achieve their financial goals. The fund’s portfolio managers, Fred Copper and Daisuke Nomoto, will invest in companies that they believe are attractively priced and have better growth, returns and profitability versus the fund’s benchmark, the MSCI EAFE Index.1 Generating ideas with Columbia Threadneedle’s global research team, the portfolio managers believe that stocks with a combination of these attributes tend to outperform through market cycles.
“Daisuke and I have worked closely together for 13 years, managing an overseas core strategy for institutional clients. We hope that by launching this new fund, we can offer a compelling international equity strategy to a broader set of investors demanding more options for EAFE-benchmarked funds,” said Fred Copper, senior portfolio manager and head of the International Equity Team at Columbia Threadneedle Investments.
Messrs. Copper and Nomoto also manage the Columbia Overseas Value Fund, which has an overall rating of five stars by Morningstar, as of December 31, 2017.
Columbia Overseas Core Fund invests at least 80% of its net assets in equity securities of foreign companies. The fund may invest up to 20% of its net assets in emerging market countries.
Columbia Overseas Core Fund offers share classes A, C, R, Institutional, Institutional 2, Institutional 3 and Advisor.
About the portfolio managers:
Fred Copper, CFA is a senior portfolio manager and head of the International Equity Team for Columbia Threadneedle Investments. Mr. Copper joined one of the Columbia Threadneedle Investments legacy firms in 2005. Previously, Mr. Copper was a senior vice president with Putnam Investments where he co-managed $1.5 billion in international and global value portfolios, as well as serving as a lead manager for a small-cap value portfolio and as a member of the global value portfolio management team. Prior to that, he was an assistant vice president with Wellington Management Company. He has been a member of the investment community since 1990. Mr. Copper received a B.S. from Boston College and an MBA from the University of Chicago. In addition, he holds the Chartered Financial Analyst® designation.
Daisuke Nomoto, CMA (SAAJ) is head of Japanese equities at Columbia Threadneedle Investments. Prior to his current role, he was a director and senior portfolio manager on the International Equity Team. Mr. Nomoto joined one of the Columbia Threadneedle Investments legacy firms in 2005. Previously, Mr. Nomoto worked as an equity analyst at Putnam Investments. Prior to that, he held a variety of positions for Nippon Life Insurance, including four years as a senior portfolio manager and equity analyst at Nissay Asset Management, Tokyo, and five years as an equity analyst with NLI International in New York. He has been a member of the investment community since 1993. Mr. Nomoto received a B.A. from Shiga University, Japan. He is a chartered member of the Security Analysts Association of Japan.
About Columbia Threadneedle Investments:
Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of investment strategies and solutions for individual, institutional and corporate clients around the world. With more than 2,000 people, including over 450 investment professionals based in North America, Europe and Asia, we manage $495 billion2 of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.
Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP).
1 The MSCI EAFE Index is designed to represent the
performance of large and mid-cap securities across 21 developed markets,
including countries in Europe, Australasia, and the Far East, excluding
the U.S. and Canada. It is not possible to invest directly in an index.
2As December 31, 2017.
Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.
Investment products offered through Columbia Management Investment Distributors, Inc., member FINRA. Advisory services provided by Columbia Management Investment Advisers, LLC.
Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus or a summary prospectus, which contains this and other important information about the funds, visit columbiathreadneedle.com/us. Read the prospectus carefully before investing.
Market risk may affect a single issuer, sector of the economy, industry or the market as a whole. International investing involves certain risks and volatility due to potential political, economic or currency instabilities and different financial and accounting standards. Risks are enhanced for emerging market issuers. Growth securities, at times, may not perform as well as value securities or the stock market in general and may be out of favor with investors. Value securities may be unprofitable if the market fails to recognize their intrinsic worth or the portfolio manager misgauged that worth. Investing in derivatives is a specialized activity that involves special risks that subject the fund to significant loss potential, including when used as leverage, and may result in greater fluctuation in fund value. The value of the fund’s portfolio may be more volatile than a more geographically diversified fund.
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For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM used to rank the fund against other funds in the same category. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, without any adjustments for loads (front-end, deferred, or redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages).
The Columbia Overseas Value Fund Morningstar ratings for the overall-, three- and five-year periods for the A-share are 5 stars, 5 stars and 5 stars among 265, 265 and 208 Foreign Large Value funds, respectively, and are based on a Morningstar Risk-Adjusted Return measure. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The Morningstar RatingTM is as of 12/31/2017 and for Class A shares only; other classes may have different performance characteristics and may have different ratings.
© 2018 Columbia Management Investment Advisers, LLC. All rights reserved.