Fund Spotlight: Columbia Thermostat Fund

Taking The Emotion Out Of Investing

Summary

• The Thermostat fund is an attempt to create a mutual fund that toggles its risk based on the valuation (via P/E) of the market.

• As the S&P rises above certain thresholds, the equity exposure adjusts by 5% lower (and vice versa).

• The goal is to buy the dips and sell overvalued markets- just what this contrarian investor likes to look for.

• The fund is…