OAKS, PA — SEI Trust Company, a subsidiary of SEI Investments Company (NASDAQ: SEIC), is affirming the increasing appeal of collective investment trusts (CITs) for global asset managers. They have recently disclosed their role as trustee for four CITs, established by Pictet Asset Management, in the institutional retirement market in the United States. This move underscores the growing interest in CITs and showcases SEI Trust Company’s commitment to this burgeoning sector.
Pictet Asset Management, one of Europe’s leading active asset management brands with a 200-year heritage and USD $237 billion in managed assets globally, is leveraging CITs to attract new capital and expand its distribution efforts in the U.S. retirement market.
While low cost is often cited as a primary driver of CITs’ rising popularity among U.S. retirement plan sponsors, other key benefits include investment flexibility, increased availability, transparency, and the ability to reduce account minimums.
John Alshefski, Senior Vice President and Managing Director of SEI’s Traditional Investment Managers business, said, “Asset managers are enhancing distribution by launching multiple share classes in various asset classes and investment strategies. Our established turnkey operational platform and experienced team enable global investment managers, retirement plans, consultants, and advisors an efficient way to gain access to SEI’s extensive CIT lineup. We’re excited to welcome Pictet Asset Management to SEI.”
The four CITs launched by Pictet Asset Management are:
- Pictet Clean Energy Transition CIT
- Pictet EM Blend CIT
- Pictet EM Local Currency Debt CIT
- Pictet EM Hard Currency Debt CIT
Elizabeth Dillon, CEO of Pictet Asset Management (USA), added, “We are excited to offer U.S. institutions the opportunity to access proven Pictet Asset Management strategies that were previously only available to the largest institutions via mandates. Establishing CIT vehicles further reinforces our commitment to the U.S. institutional market.”
Bryan Astheimer, Head of SEI’s Investment Managers business for the U.K. and European regions, said, “SEI is uniquely positioned to provide global managers with the expertise and access to our breadth of capabilities, enabling them to meet international distribution goals. Our relationship with Pictet Asset Management reflects our commitment to the global market.”
With over 30 years of expertise servicing CITs, SEI’s turnkey operational platform and dedicated team are well-equipped to support the unique demands of asset managers and plan sponsors.
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