Columbia Thermostat Fund shuffles allocation of stock and bond assets

By Toni Weeks

San Diego, Dec. 12 - Columbia Acorn Trust announced changes in the allocation of stock and bond assets within asset classes for its Columbia Thermostat Fund, according to a 497 filing with the Securities and Exchange Commission.

Effective immediately, the fund's investment adviser, Chicago-based Columbia Wanger Asset Management, LLC, has removed Columbia Marisco Growth Fund from and added Columbia Select Large Cap Growth Fund to the portfolio funds.

The Thermostat Fund consists of seven stock funds and three bond funds. Within the stock funds, the newly added Columbia Select Large Cap has been given a 10% allocation, whereas Columbia Contrarian Core Fund now has an allocation of 15%, up from the previous 10%.

Within the bond funds, Columbia Income Opportunities Fund has been given an allocation of 30%, up from the previous 20%, while the Columbia U.S. Treasury Index Fund has been given an allocation of 20%, down from the previous 30%.

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