- Business
- Columbia Emerging Markets Fund Class A (EEMAX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities, including common stocks, preferred stocks, and convertible securities, of companies located in emerging market countries; these encompass nations with developing or emerging economies across regions such as Emerging Asia, Developed Asia, Latin America, the Eurozone, and the Middle East. The fund pursues large-cap growth stocks with strong business models, capital discipline, and positioning to benefit from secular trends, with key holdings including Taiwan Semiconductor Manufacturing Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd, ICICI Bank Ltd ADR, and Xiaomi Corp; sector allocations emphasize technology, financial services, consumer cyclical, communication services, and industrials, while asset diversification features 97.34% in non-US stocks, 1.68% in US stocks, and 0.98% in cash.
Managed by Columbia Management Investment Advisers, LLC, a subsidiary of Columbia Threadneedle Investments, the fund offers Class A shares with a net expense ratio of 1.43%, a 5.75% front-end load, daily pricing, and a minimum initial investment of $2,000; total net assets stand at approximately $781 million, with the Class A share class comprising $149 million.
Launched on September 27, 2007, with the broader fund inception dating to January 2, 1998, the fund is domiciled in the United States and available for sale primarily to US investors; it is headquartered at 225 Franklin Street, Boston, Massachusetts, under Columbia Threadneedle Investments' global operations spanning North America, Europe, and Asia.
The investment team, led by Dara White since 2008 and including recent additions Perry Vickery (2017), Derek Lin (2020), Darren Powell (2021), and Cory Unal (January 2025), has implemented tactical portfolio adjustments, such as upgrading quality, reducing exposure to trade-sensitive markets like Korea and Taiwan, and increasing focus on resilient, domestically oriented companies amid global volatility; in Q3 2025, the fund reported strong performance aligned with undervalued emerging markets, while Q1 2025 commentary highlighted research-driven shifts in response to macroeconomic risks.