Wilmington Trust Corp. has announced the introduction of seven mutual funds to bring to a wider group of investors several investment strategies successful with high-net-worth individuals and families.
The three lifestyle funds; a portfolio invested exclusively in exchange-traded funds, or ETFs; and three domestic equity funds were unveiled Dec. 20.
The lifestyle portfolios are funds of funds, which combine Wilmington Trust's strategic asset allocation models with tactical portfolio rebalancing based on a forward-looking view of the capital markets. The latter approach is uncommon in the investment management industry, the company said. The funds also give investors diversified portfolios targeted to specific levels of risk.
The Wilmington ETF Allocation Fund is a fund of ETFs patterned after a Wilmington Trust private offering.
The Wilmington Mid-Cap Core Fund, Wilmington Small-Cap Growth Fund, and Wilmington Small-Cap Value Fund are managed by the company's equity management group using proprietary research models to construct portfolios, as opposed to the bottom-up style of selecting individual stocks typically found in actively managed equity funds.
Each of the seven funds maintains an investor and an institutional class of shares. They will be available through defined contribution plans, mutual fund supermarkets, mutual fund wrap programs, and licensed representatives at Wilmington Brokerage Services Co.
