Columbia Threadneedle Investments announced on October 21, 2024, that its equity exchange-traded fund, the Columbia Research Enhanced Core ETF (RECS), reached a significant milestone by attracting over $1 billion in client assets. This achievement marks the five-year anniversary of the ETF's launch, demonstrating sustained growth and investor confidence in the product.
The growth in client assets for RECS is attributed to consistently strong performance since its inception. This success contributes positively to Ameriprise Financial's overall Asset Management segment, which manages assets for various internal and external clients.
The milestone underscores the firm's capability in developing and managing successful investment products. It also highlights the appeal of its offerings to clients, reinforcing Ameriprise's position in the competitive asset management landscape.
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