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Columbia Management Unveils Two MFs
Columbia Management has rolled out two open-end mutual funds, the Columbia Acorn Emerging Markets Fund and the Columbia Acorn European Fund.
Columbia Managementhas rolled out two open-end mutual funds, theColumbia Acorn Emerging Markets Fundand theColumbia Acorn European Fund. The international equity funds invest in companies with market caps below $5 billion. The emerging markets fund managed byFritz KaegiandStephen Kusmierczakinvests a minimum 80% of assets in firms of emerging markets such as China, Brazil and India.
The European fund managed byAndreas Waldburg-Wolfegginvests at least 70% in Western European countries, with up to 30% in frontier Central and Eastern European nations. The allocation consists of nearly 10% in companies in Russia and the Ukraine. Both funds will be handled byColumbia Wanger Asset Management.
Click here for the release fromBusiness Wire.