Daily ETF Watch: Columbia Closes 3 Funds

Columbia Management is getting ready to shutter three of its five ETFs in January.

Reviewed by: Cinthia Murphy
Edited by: Cinthia Murphy

The funds closing down comprise the firm’s entire lineup of U.S. large-cap equity strategies, which together have combined assets of about $28 million.

They are:

  • Columbia Large Cap Growth (RPX | D-84), the firm’s largest ETF, with $14 million in assets
  • Columbia Select Large Cap Growth (RWG | D-50), with $7 million in assets
  • Columbia Select Large Cap Value (GVT | D-80), with $6.4 million in assets

The three actively managed funds first came to market in 2009 under Grail Advisors, but were later acquired by Columbia—along with two U.S. bond funds—in 2011. Since that deal, the funds have failed to gather much traction.

The three funds will stop trading on Jan. 28. Columbia will continue to offer its two active U.S. bond strategies, the Columbia Core Bond (GMTB | B-71) and the Columbia Intermediate Municipal Bond (GMMB | D-46).

The firm also has a vast lineup of ETFs sitting in registration.

Contact Cinthia Murphy at [email protected].

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.