Columbia Cornerstone Equity Fund Institutional 2 Class (CLCRX)
Columbia Cornerstone Equity Fund Institutional 2 Class operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $27.02, up 0.41% on the session, giving a market capitalisation of $1.53B. Its beta of 1.00 implies it has historically moved less than the broad market.
The primary objective of this fund is to achieve significant long-term growth for its investors. Typically, it dedicates at least 80% of its net assets—a figure that encompasses any funds acquired through borrowing—to equity investments. These investments primarily target companies whose market value, at the time of acquisition, falls within the range of those found in the S&P 500 Index. Up to one-fifth of the total portfolio may be allocated to international securities. The fund generally holds a mix of equity instruments, such as common and preferred shares, convertible debt, warrants, and rights, and also has the option to invest in exchange-traded funds (ETFs).
Columbia Cornerstone Equity Fund Institutional 2 Class is most often compared with the following Financial Services names: