Ameriprise 2010 Annual Report Download - page 75

The following tables present the changes in Columbia (formerly RiverSource Investments branded funds) and Threadneedle
managed assets:
Market
Appreciation/
December 31, (Depreciation) Foreign December 31,
2009 Net Flows & Other Exchange 2010
(in billions)
Columbia Managed Assets:(1)
Retail Funds $ 76.9 $ (7.4) $ 149.0(2) $ — $ 218.5
Institutional Funds 62.3 (7.1) 72.0(3) — 127.2
Alternative Funds 9.9 — 0.1 — 10.0
Less: Eliminations (0.1) — (0.1) — (0.2)
Total Columbia Managed Assets 149.0 (14.5) 221.0 — 355.5
Threadneedle Managed Assets:
Retail Funds 29.1 1.7 3.7 (1.1) 33.4
Institutional Funds 66.8 (2.1) 8.6 (2.4) 70.9
Alternative Funds 1.9 (0.2) (0.4) — 1.3
Total Threadneedle Managed Assets 97.8 (0.6) 11.9 (3.5) 105.6
Less: Sub-Advised Eliminations (3.6) — (0.7) — (4.3)
Total Managed Assets $ 243.2 $ (15.1) $ 232.2 $ (3.5) $ 456.8
(1) Prior to the Columbia Management Acquisition, the domestic managed assets of our Asset Management segment, which are now
included in Columbia Managed Assets, were managed by RiverSource Investments.
(2) Included in Market appreciation and other is $118.1 billion due to the Columbia Management Acquisition, including $3 billion of
assets that were transferred to RiverSource Sub-advised through the implementation of the Portfolio Navigator program, and an
additional $13.1 billion of Portfolio Navigator related assets sub-advised by others.
(3) Included in Market appreciation and other is $68.4 billion due to the Columbia Management Acquisition.
Market
Appreciation/
December 31, (Depreciation) Foreign December 31,
2008 Net Flows & Other Exchange 2009
(in billions)
Columbia Managed Assets:(1)
Retail Funds $ 63.9 $ (2.4) $ 15.4 $ — $ 76.9
Institutional Funds 54.7 2.6 5.0 — 62.3
Alternative Funds 9.4 (0.1) 0.6 — 9.9
Less: Eliminations (0.1) — — — (0.1)
Total Columbia Managed Assets 127.9 0.1 21.0 — 149.0
Threadneedle Managed Assets:
Retail Funds 16.3 4.8 6.2(2) 1.8 29.1
Institutional Funds 55.3 (1.4) 7.5 5.4 66.8
Alternative Funds 2.6 0.1 (1.0) 0.2 1.9
Total Threadneedle Managed Assets 74.2 3.5 12.7 7.4 97.8
Less: Sub-Advised Eliminations (2.5) — (1.1) — (3.6)
Total Managed Assets $ 199.6 $ 3.6 $ 32.6 $ 7.4 $ 243.2
(1) Prior to the Columbia Management Acquisition, the domestic managed assets of our Asset Management segment, which are now
included in Columbia Managed Assets, were managed by RiverSource Investments.
(2) Included in Market appreciation (depreciation) and other are assets due to the addition of Standard Chartered Bank’s World Express
Funds investment business.
Columbia assets under management were $355.5 billion at December 31, 2010 compared to $149.0 billion a year ago,
driven by the Columbia Management Acquisition and market appreciation, partially offset by net outflows. Equity and fixed
income investment performance remained strong across one-, three- and five-year periods. Retail net outflows of
$7.4 billion in 2010 were primarily in equity and subadvisory portfolios, reflecting industry-wide outflows in equities and
lower retail sales as a result of pending fund mergers. Institutional net outflows of $7.1 billion in 2010 were primarily in
lower basis point fixed income portfolios.
Threadneedle assets under management were $105.6 billion at December 31, 2010, up 8% from a year ago reflecting
year-over-year market appreciation and retail net inflows, partially offset by negative foreign currency translation and
institutional net outflows. Total net outflows of $0.6 billion in 2010 reflected net outflows in lower basis point institutional
portfolios, partially offset by retail net inflows from higher sales from European investors. Institutional net outflows in 2010
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