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Columbia Threadneedle acquires strategic beta ETF provider Emerging Global Advisors

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Columbia Management Investment Advisers has completed its acquisition of Emerging Global Advisors (EGA), a New York-based registered investment adviser and provider of strategic beta emerging market portfolios.

Terms of the acquisition have not been disclosed.
 
The acquisition adds over USD900 million in assets across a suite of nine emerging markets equity exchange-traded funds (ETFs) and significantly expands the firm’s capabilities in the development, management and deployment of innovative strategic beta products.
 
The product line includes strategic and thematic index-based investment strategies, highlighted by the USD671 million EGShares Emerging Markets Consumer ETF (ECON).
 
“We believe that our combined strategic beta offerings enhance and complement our actively managed investment capabilities and bring our expertise to a broader set of investors,” says Ted Truscott, chief executive officer of Columbia Threadneedle Investments. “We are pleased to welcome our new EGA colleagues to Columbia Threadneedle and to offer our clients and partners a strong platform of strategic beta portfolios.”
 
Marc Zeitoun, formerly EGA chief product and marketing officer, now leads Columbia Threadneedle’s strategic beta platform as head of strategic beta, reporting to Truscott.
 
Edward Kerschner now serves as chief portfolio strategist for strategic beta, reporting to Colin Moore, global chief investment officer, and Zeitoun.

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