Columbia Threadneedle Investments is one of the leading global asset management groups, providing a variety of investment solutions and strategies to both individuals and institutions. In 2015, Columbia Management and Threadneedle Investments came together as Columbia Threadneedle Investments.
The fund family had nearly $473 billion of assets under management as of Jun 30, 2017. It has more than 2,000 employees, including more than 450 investment professionals across the world. Columbia provides investment services and equity and income strategies across 19 countries in North America, Asia Pacific, Europe and the Middle East.
Below we share with you three top-ranked Columbia mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Columbia funds.
Columbia Capital Allocation Aggressive A (AXBAX - Free Report) seeks growth of return. AXBAX is known as a "fund of funds" which primarily invests in a combination of underlying funds for which the investment manager acts as principal underwriter. The fund may also invest almost one-fifth of its assets in other funds, which include third-party advised funds and exchange traded funds, equity securities and fixed income securities. Columbia Capital Allocation Aggressive A has returned 17% in a year.
AXBAX has an expense ratio of 0.50% compared with the category average of 0.81%.
Columbia Strategic Income Z (LSIZX - Free Report) seeks to offer growth of income and capital. LSIZX invests heavily in fixed-income debt instruments, including high-yield bonds, investment-grade corporate bonds, government bonds, assets and mortgage-backed debt securities and inflation-protected securities. Columbia Strategic Income Z returned 5.5% in a year’s time.
Colin Lundgren is one of the fund managers of LSIZX since 2010.
Columbia Global Technology Growth Z (CMTFX - Free Report) seeks appreciation of capital. CMTFX invests a bulk of its assets in equity securities, including common stocks, preferred stocks and securities of technology companies. Columbia Global Technology Growth Z has returned 37.3% in the last 12 months.
As of July 2017, CMTFX held 119 issues, with 4.99% of its assets invested in Alphabet Inc.
To view the Zacks Rank and past performance of all Columbia mutual funds, investors can click here to see the complete list of Columbia funds.
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