Bringing you live news and features since 2006 

Columbia Management launches absolute return funds

RELATED TOPICS​

Columbia Management has launched two open-end mutual funds: The Columbia Absolute Return Multi-Strategy Fund (CMSAX) and the Columbia Absolute Return Enhanced Multi-Strategy Fund (CEMAX). The funds employ multiple strategies designed to help reduce overall portfolio volatility and generate positive (absolute) returns.

“We believe these funds represent a different approach to absolute return investing,” says Todd White (pictured), head of alternatives and absolute return investments at Columbia Management. “While many absolute return funds focus on a single strategy, we carefully balance numerous independent strategies.”

Columbia Absolute Return Multi-Strategy Fund targets long-term returns similar to historical returns of investment-grade bonds, but with lower volatility and low correlation to the Barclays Capital US Aggregate Bond Index.

Columbia Absolute Return Enhanced Multi-Strategy Fund targets long-term returns similar to historical returns of equities, but with lower volatility and low correlation to the S&P 500 Index.

“Our Absolute Return Multi-Strategy Funds combine the investment experience of many teams at Columbia Management to build innovative solutions,” says Christopher Thompson, head of product and marketing at Columbia Management. “These funds provide advisors and their clients with an opportunity to enhance their portfolio diversification while seeking positive returns.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by