Columbia Threadneedle’s McAndrew On EM ex-China ETF: XCEM

Jay McAndrew, CIMA, Head of Strategic Beta Sales at Columbia Threadneedle joins Keith Black, Managing Director at RIA Channel to discuss the Columbia EM ex-China ETF, XCEM and emerging market allocation ideas. 

China’s exposure within a traditional broad EM index has more than doubled in the last decade. XCEM, one of Columbia Threadneedle’s fastest growing ETFs in terms of flows, offers an EM solution designed to provide investors with more control over their exposure to China. XCEM delivers broad emerging markets exposure, and excludes China, HongKong and Russia. From an allocation perspective, many advisors are leveraging XCEM as their core EM exposure and may choose to remove, dilute, or re-focus their China exposure. The Columbia India Consumer ETF, INCO, which aims to capture India’s growing consumer economy, may also serve as a growth-oriented complement to XCEM, explains McAndrew. 

Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of investment strategies and solutions for individual, institutional and corporate clients around the world. With more than 2,500 people, including over 450 investment professionals based in North America, Europe and Asia, Columbia Threadneedle manages $546 billion of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives.  

Jay is Head of Strategic Beta sales at Columbia Threadneedle Investments. In his role, he focuses on the distribution of the firm’s ETF’s across all channels. He also contributes to product development and marketing messaging for all ETF’s. Prior to joining one of Columbia Threadneedle’s legacy firms via acquisition, he was National Sales Manager for Emerging Global Advisors, an emerging market asset management firm focused on ETFs. Jay previously worked at AllianceBernstein and UBS Wealth Management. He started his career in the financial services industry in 1992 after receiving his B.S. in Finance from Pennsylvania State University.