Columbia ETF Trust II - Columbia EM Core ex-China ETF

As the primary committee for taxation and trade, its decisions on tariffs, trade agreements, and corporate tax policy directly impact global supply chains, the profitability of multinational corporations, and the overall economic landscape for emerging market exporters and importers.

Many emerging market economies are heavily reliant on agriculture and commodity exports. This committee's oversight of the CFTC and the derivatives/futures market directly influences global commodity prices, a key determinant of EM economic performance. Its stance on cryptocurrency as a commodity also has global implications.

U.S. defense policy and military authorizations (NDAA) directly reflect and influence global geopolitical stability. Conflicts or heightened tensions in various regions can severely impact emerging market economies and the companies within them, affecting the ETF's holdings.

This committee directly regulates the U.S. financial system, including the SEC, which oversees ETFs and fund managers like Columbia. Its decisions on financial stability, capital requirements, and even cryptocurrency regulation can directly impact the operation, cost, and perceived risk of an ETF.

Members receive classified briefings on global threats and geopolitical developments. Such information can significantly impact the stability of emerging market regions, specific industries, and capital flows, creating high risks for informational asymmetry.

This committee's influence on U.S. foreign policy, sanctions, and international treaties directly impacts the political and economic stability of emerging market countries, affecting their currencies, trade relations, and the value of underlying assets in the ETF.