Columbia Threadneedle Investments has launched 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-US 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. 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,” says Fred Copper, senior portfolio manager and head of the International Equity Team at Columbia Threadneedle Investments.
Copper and Nomoto also manage the Columbia Overseas Value Fund, which has an overall rating of five stars by Morningstar, as of 31 December 2017.
Columbia Overseas Core Fund invests at least 80 per cent of its net assets in equity securities of foreign companies. The fund may invest up to 20 per cent 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.