The company said this initial offering may open the door for similar share classifications within its other funds, according to the Boston Business Journal.
“With this introduction of a retirement share class, we are able to provide additional choices by offering advisors a menu of pricing options based on retirement plan size,” said Keith Banks, Columbia’s president and chief investment officer, in a prepared written statement.
The Boston-based asset manager manages around $332 billion in client assets. Its Web site is www.columbiamanagement.com .
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