Idaho 457 Deferred Compensation Plan, Boise, is adding the Columbia Overseas Value Institutional Fund to its investment options lineup.
The $531 million 457 plan's board approved adding the active international value equity fund managed by Columbia Threadneedle Investments at its Aug. 31 meeting, recently released meeting minutes show.
The board at that meeting also approved the removal of the Templeton Foreign Fund from the lineup due to underperformance, the minutes show. That fund had $2 million in assets in the plan as of June 30.
Franklin Templeton spokeswoman Stacey Coleman could not immediately provide comment.
The 457 plan has 26 investment options, a self-directed brokerage option and a target-date fund lineup managed by Vanguard Group.
Investment consultant SageView Advisory Group.
Joshua Whitworth, the state's chief deputy controller, could not be immediately reached for further information.
