The US business of Columbia Threadneedle Investments has acquired Emerging Global Advisers (EGA), a smart beta portfolio provider covering emerging markets, as it moves to boost its offerings in this area of the market.
Columbia Threadneedle has also registered a range of sustainable ETFs for sale in the US. Currently, there are no plans to bring the ETF range to the European market, but it remains a key focus for the US business. Ted Truscott, chief executive of Columbia Threadneedle, said: "The experience and knowledge of the EGA team and strong emerging markets ETF products will complement our existing actively managed product lineup. Columbia Threadneedle's Harrison to retire from industry "The EGA acquisition will allow us to reach even more investors and accelerates our efforts as we build o...
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