Columbia Threadneedle Investments has launched six new separately managed account (SMA) strategies for municipal bond investors, drawing on the firm’s 20-plus years of experience in managing tax-exempt fixed income portfolios for high-net-worth investors.
Three of the new SMA strategies are traditional municipal bond portfolios, with durations of short, short-intermediate and intermediate. The remaining three are laddered strategies, also with varying durations.
These SMAs are designed for individuals seeking professional portfolio management, credit research and trading, and personalisation of their tax-exempt bond portfolio, all while maintaining direct ownership of the underlying securities. They are available on several platforms.
“Managed accounts have dramatically enhanced the individual investor’s ability to capitalise on customisation and tax efficiency within one portfolio,” says Dan Beckman (pictured), head of US product for Columbia Threadneedle Investments. “The introduction of these products also allows us to better serve our intermediary partners across their full book of business.”
Columbia Threadneedle managed USD19.5 billion in municipal fixed income securities across SMAs, institutional accounts and 18 retail mutual funds as of 31 December, 2017. The municipal team has 24 investment professionals, with an average of 21 years of industry experience over various market cycles. The 10 dedicated municipal research analysts on the team have sector-specific expertise and together cover more than 2,600 municipal credits.
These six SMAs will be managed by Bill Callagy and Allyson McCann.