Unbundling The Components Of Investment Return

by: Columbia Threadneedle Investments

By Colin Moore, Global Chief Investment Officer

The ability to separately offer the different elements of investment return - beta, strategic beta and alpha - is a growing and important trend.

The concept of unbundling isn't new; many industries are beginning to break apart their packaged offerings. The cable TV industry, for example, is a place where consumers are opting out of the full package - buying internet service and other entertainment elements separately. The ability to offer investment services in the same way is important. Colin Moore discusses the three components that make up investment return.

© 2016 Columbia Management Investment Advisers, LLC. All rights reserved.

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Investors should consider the investment objectives, risks, charges, and expenses of Columbia Seligman Premium Technology Growth Fund carefully before investing. To obtain the Fund's most recent periodic reports and other regulatory filings, contact your financial advisor or download reports here. These reports and other filings can also be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

The views expressed are as of the date given, may change as market or other conditions change and may differ from views expressed by other Columbia Management Investment Advisers, LLC (CMIA) associates or affiliates. Actual investments or investment decisions made by CMIA and its affiliates, whether for its own account or on behalf of clients, may not necessarily reflect the views expressed. This information is not intended to provide investment advice and does not take into consideration individual investor circumstances. Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon and risk tolerance. Asset classes described may not be suitable for all investors. Past performance does not guarantee future results, and no forecast should be considered a guarantee either. Since economic and market conditions change frequently, there can be no assurance that the trends described here will continue or that any forecasts are accurate.

Columbia Funds and Columbia Acorn Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA. Columbia Funds are managed by Columbia Management Investment Advisers, LLC and Columbia Acorn Funds are managed by Columbia Wanger Asset Management, LLC, a subsidiary of Columbia Management Investment Advisers, LLC.

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NOT FDIC INSURED · No Bank Guarantee · May Lose Value

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