Latest news with #ColumbiaThreadneedleInvestments
Spectator
6 days ago
- Business
- Spectator
Letters: Don't blame Andrew Bailey
The Bank's breakdown Sir: Your cover story with its attack on Andrew Bailey ('Broke Britain', 19 July) tells only half of the grisly story. All the major central banks had a sort of collective nervous breakdown during the Covid crisis, but none of the others lost its mind quite like the Bank of England. The banks printed money by buying in their country's sovereign debt, at high prices. Most concentrated on short-dated stocks, where the potential capital loss from rising interest rates was smallest. The Bank bought in long-dated debt at prices which looked like madness to some of us at the time. These stocks are now being sold back into the market at a massive capital loss. One example: in May 2020 it bought gilts repayable in 2061 at a price of £101. It has recently been selling them back into the market at prices as low as £28. Christopher Mahon of Columbia Threadneedle Investments has been shouting about this. By its own earlier calculations, the Bank estimated that total losses from this process would add up to a scarcely believable £115 billion. The sluggish fall in interest rates recently means that is almost certainly an underestimate. It amounts to incompetence and stupidity on a massive scale. No wonder the Bank is hoping nobody is listening. Neil Collins London SW10 Don't blame Bailey Sir: Michael Simmons is wrong to criticise Sajid Javid's appointment of Andrew Bailey to the governorship of the Bank of England. After the tenure of the narcissistic and overtly political Mark Carney, a solid and boring functionary was what he thought the Bank needed in order for it to regain its place as an independent central bank. An event as huge and disruptive as Covid-19 – and the government's reaction of promising enormous unfunded subsidies to all and sundry – could not be foreseen. Global indebtedness following Covid was not created by the Bank of England. Bailey was under the influence of domestic politics on one hand and peer pressure from abroad on the other. True, he might not have been the best of choices, but to place so much of the blame on him and on the Old Lady is disingenuous and unhelpful. Anthony D.M. Peters Great Rollright, Oxon The rest is slander Sir: No one loves reading an outrageous claim in the pages of The Spectator more than I do, and so I commend you for employing Dominic Sandbrook to peddle an entire host of them (Historian's notebook, 19 July). I don't know which was more entertaining: his insistence that Britain should have stabbed our gallant Gallic ally in the back in 1914, or the braggadocio with which he boasted of being able to hold his own in an Irish pub. One calumny, however, cannot be allowed to pass: his suggestion that my regrettable inability to join him on his Dublin pub crawl was due to any lack of stamina on my part. I will not go into details, it being poor form for those engaged in top-secret charitable work to boast of their good deeds; suffice to say that – had circumstances only been different – I would have relished the chance to join Paul Rouse in drinking Dominic under the table. Tom Holland London SW2 Pas un saucisson Sir: Even if we white male novelists make it into print ('Who'll publish my toxic book?', 19 July), we struggle for space in the literary pages of national newspapers. My new novel NUNC! (a corker, by the way) was published by Little, Brown. The Tablet and Church Times raved about it. The Mail ran an enthusiastic paragraph. The Times seemed to like it. But from the rest: pas un saucisson. Literary editors are under pressure to commission clickbait arguments. That is easier with non-fiction. The country would be saner if it read more fiction, but madness is better for the bottom line. Quentin Letts How Caple, Herefordshire Cobblers unite Sir: Reading the Barometer piece about 'grandly named trade unions' (19 July) I was reminded that the first trade union I joined (in 1965, at the edge of 15, while working weekends at a slipper factory in Blackburn) was the 'Rossendale Union of Boot, Shoe and Slipper Operatives': RUBSSO. It only had about 3,000 members and later was merged into the even more grand National Union of Knitwear, Footwear and Apparel Trades (KFAT) – itself subsequently merged in the early 2000s into the boringly named 'Community Union'. James Kay Birkenhead, Merseyside Rhodes rage Sir: A.N. Wilson, in his overheated review of The Colonialist: The Vision of Cecil Rhodes by W.K. Storey, makes at least one assertion that is factually wrong (Books, 19 July). Concentration camps were not, as Wilson states, 'that British invention'. The term was first used by the Spanish army in 1868 during the Ten Years War in Cuba. Even earlier examples can be traced to the USA for the internment of the Cherokee. What Wilson also seems to ignore is that Rhodes was a man of his time, not some uniquely evil colonialist. Dr Brian Austin West Kirby, Wirral Restoring Bishop Auckland Sir: Charles Moore describes the wonderful rejuvenation of the Bishop's Palace and Castle at Bishop Auckland by Jonathan Ruffer (Notes, 19 July). During the visit of the Rectory Society last week, I too was able to see the buildings, the Zurbarans, the huge walled garden planted with vegetables and flowers. It is an amazing achievement by Ruffer and his wife Jane. Now he has an even bigger project, which is to rejuvenate the town centre, with its fine Market Square and many empty shops and cafés. I wish him every success. Cessa Moore Hereford
Yahoo
20-05-2025
- Business
- Yahoo
Columbia Threadneedle to Debut New Active Quartet in Europe
Columbia Threadneedle Investments will join other legacy fund managers entering Europe's active ETF market with a suite of four equity strategies later this year. The Boston-based asset manager is awaiting regulatory approval to launch its initial UCITS ETF offering covering global, U.S., Europe and emerging markets. The four ETFs 'will build on' the investment approach of the U.S.-listed Columbia Research Enhanced Core ETF (RECS), which is passively managed and replicates the performance of the Beta Advantage Research Enhanced US Equity index. The index is sector neutral versus the Russell 1000 and combines quality, value and 'catalyst' factors to select well-rated securities based on the manager's own quantitative model. The upcoming UCITS ETF suite will also be 'benchmark-aware,' with a 'repeatable investment strategy' and 'rules based approach.' However, the European offering will be run by U.S.-based Senior Portfolio Manager Chris Lo and his team, intended to be 'truly active, designed to outperform the index,' the firm said. Richard Vincent, head of product EMEA at Columbia Threadneedle Investments, commented, 'Bringing active ETFs to Europe and building on the foundations of our successful offering in the U.S. is a natural expansion, tapping into years of expertise in delivering ETF solutions to our U.S. clients.' Michaela Collet Jackson, EMEA head of distribution and marketing, added, 'Active ETFs are increasingly adopted by clients as an efficient way to implement portfolios. By leveraging our U.S. track record, we can provide clients excellent value for money. We believe this presents a real growth opportunity for us in the region.' The firm currently offers 14 U.S.-domiciled ETFs housing $5.5 billion in assets under management collectively. After debuting its initial four-strong suite, it plans to build out its range in Europe to include active fixed-income ETFs next year. This article was originally published at sister publication ETF | © Copyright 2025 All rights reserved Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Columbia Threadneedle to roll out active ETF offering in Europe
Columbia Threadneedle Investments is set to introduce a selection of four UCITS active equity ETFs in the UK and Europe, pending regulatory approval. This initiative will expand the firm's existing Active ETF offerings, available in the US. The new product line will be managed by Chris Lo, a senior portfolio manager based in the US, along with his team, who currently oversee $15bn in assets across 13 funds domiciled in the US. The ETFs will provide European investors with access to equities from global, US, European, and emerging markets. The firm intends to expand this range to include fixed income active ETFs in the following year. Columbia Threadneedle Investments Product (EMEA) head Richard Vincent said: 'We continually look to develop and broaden our investment offering for clients by providing innovative, value for money products and solutions that complement our existing offering.' The forthcoming active equity ETFs are designed to meet specific requirements of discretionary fund buyers. These include providing core equity exposures that are benchmark-aware while aiming to generate alpha through selective stock choices. The investment strategy will utilise a combination of quantitative and fundamental research in a structured approach that is straightforward for investors to comprehend. Additionally, the ETFs are claimed to offer 'transparency' and 'cost-efficiency', with daily disclosures of investment decisions, a portfolio structured for low transaction costs, and 'competitive' fee structures. Columbia Threadneedle Investments EMEA distribution and marketing head Michaela Collet Jackson said: 'We are excited to bring this innovative and differentiated investment strategy to market in Europe within an Active ETF wrapper. 'The four new Active ETFs will complement our existing open-ended fund offering, increasing optionality for clients who are looking for core active building blocks for their portfolios.' As of 31 March 2025, Columbia Threadneedle had $5.5bn in assets across 14 US-domiciled ETFs. "Columbia Threadneedle to roll out active ETF offering in Europe" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
18-03-2025
- Business
- The Independent
30% of couples ‘fear discussing savings and investments will spark a row'
Nearly a third (30%) of people in a relationship are worried that discussing savings or investments will cause arguments, a survey indicates. This rises to nearly half (45%) of younger couples aged between 18 and 34, according to research commissioned by asset manager Columbia Threadneedle. The research also indicated that one in 10 (10%) Gen Zs (aged 18 to 27) who are in a relationship have invested joint funds without their partner's knowledge – and therefore may be worried that this could be uncovered through a financial discussion. People in older age groups are less likely to believe that discussing savings and investments will lead to arguments, with only one in six (17%) of those aged over 55 fearing this could happen. Being in a long-established relationship may make it easier for some older couples to speak more candidly about finances. Half (50%) of people based in London who were surveyed and in a relationship have a fear of money-related rows – the highest of any region – while those in the Wales were found to be the least worried (20%). The research also found that many couples would like to discuss money more, with over a third (35%) of those in a relationship wishing they could speak more freely about their finances with loved ones. Women are nearly three times as likely to seek investment advice from their partner as men, at 20% compared with 7%, the survey found. Ross Duncton, head of direct at Columbia Threadneedle Investments, said: 'Financial conversations between couples can be tricky, especially early on in a relationship when they are perhaps still figuring out their financial position and goals. 'Talking about the future can feel daunting, and couples may be particularly put off about discussing investments because of this. 'While people will approach financial planning in different ways, having an open dialogue with a partner is important when making decisions that affect both parties. 'Rather than avoiding financial discussions, making them a regular habit can help couples feel more in control and prepared for the future. 'With the end of the tax year approaching, now could be a great time to start the conversation, especially for those who have not yet used their Isa allowance or are considering a long-term savings plan.' Opinium surveyed 2,000 people across the UK in October 2024 for the research. Here are the percentages of people in a couple who are worried that discussing savings and investments could lead to arguments, according to the survey: London, 50% Northern Ireland, 39% Scotland, 32% North East, 29% North West, 28% East Midlands, 27% West Midlands, 27% East of England, 27% Yorkshire and the Humber, 26% South West, 24% South East, 21% Wales, 20%
