The team at a $714-billion-AUM fund firm is celebrating a big milestone for one of their equity mutual funds.
| Kari L. Montanus
Columbia Threadneedle Investments
Yesterday, Columbia Threadneedle Investments'
] Kari Montanus trumpeted
that the Columbia Select Mid Cap Value Fund
recently reached its 20-year anniversary. The high-conviction, bottom-up fund first launched on November 20, 2001 and now has $2.628 billion in AUM.
Montanus is the 20-year-old fund's lead PM, while Jonas Patrikson
is the co-PM. (Montanus has been its lead PM since 2018.)
"Mid cap value is the 'sweet spot' of the market currently," Montanus states. "This overlooked asset class can be a source of diversification for investors, as it offers exposure to areas of the economy likely to benefit from more peristent inflation and the reopening of the economy."
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