Four RiverSource mutual funds have been rebranded under the Threadneedle name to “â€¦bring greater clarity to the comprehensive investment platform offered by RiverSource Investments,” according to a press release. The name change helps differentiate funds managed solely by RiverSource from those that are subadvised by Threadneedle International Limited and other partners, according to the firm.
The four U.S. retail funds managed by Threadneedle are now named:
- Threadneedle Emerging Markets Fund (formerly RiverSource Emerging Markets Fund)
- Threadneedle European Equity Fund (formerly RiverSource European Equity Fund)
- Threadneedle Global Equity Fund (formerly RiverSource Global Equity Fund)
- Threadneedle International Opportunity Fund (formerly RiverSource International Opportunity Fund)
The funds are available through Ameriprise financial advisors and non-affiliated banks and broker-dealers.
As of December 31, 2007, the Threadneedle group of companies manages more than $137 billion of assets and delivers services to clients in 15 countries with a team of more than 130 talented investment professionals all based in London. Threadneedle and RiverSource Investments are both wholly-owned subsidiaries of Ameriprise Financial, Inc.
Threadneedle International Limited, an FSA- and SEC-registered investment adviser that subadvises certain U.S. mutual funds managed by RiverSource Investments, LLC, is a subsidiary of Threadneedle Asset Management Holdings Limited. Threadneedle International Limited and its U.K. affiliates operate under the brand name Threadneedle. Threadneedle was founded in 1994.
For more information, visitwww.threadneedle.com