“In recent years, other traditional mutual-fund managers have recognized the need to jump into the $2.2 trillion ETF arena, which has increased its assets from $1.7 trillion at the end of 2013. Many fund companies have also begun offering the popular strategic beta ETFs, either through acquisition or the launch of their own products,” reports Daisey Maxey for the Wall Street Journal.
Last week, Columbia Threadneedle Investments announced an agreement for Columbia Management Investment Advisers, LLC to purchase New York-based Emerging Global Advisors. Terms of the deal were not disclosed. The deal is expected to be finalized later this year.
Related: ETF Industry Consolidation: Emerging Global Acquired by Columbia Threadneedle
Emerging Global Advisors, the exchange trade funds issuer behind the EGShares family of ETFs, specializes in emerging markets ETFs.
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