Exchange-traded, Interval, and Tender-Offer
Funds Present Growth Opportunities for Investment
Managers
OAKS,
Pa., Aug. 28, 2024 /PRNewswire/
-- SEI® (NASDAQ:SEIC) today announced that the
Advisors' Inner Circle Fund® (AIC) series trust reached
$100 billion in net assets,
supporting 47 clients and 128 funds.1 An end-to-end
operational platform, the AIC provides investment managers of all
sizes a more cost-effective solution to launch and operate new and
existing registered funds.
SEI helped pioneer the series trust concept 33 years ago by
introducing the AIC, an institutional-quality, turnkey operating
platform. The AIC has significantly expanded its operations over
the years from mutual funds to include ETFs, interval, and
tender-offer funds. This new milestone reflects the AIC's position
as one of the industry's leading and most established turnkey
platforms for '40 Act vehicles.
Charles Falck, Chief Operating
Officer of GQG Partners, said:
"We're extremely pleased with our long-term relationship with
SEI and the Advisors' Inner Circle platform. They provided the
expertise we needed to launch and operate our mutual funds, which
contributed significantly to our success. SEI's team is committed
to delivering exemplary client service and continue to support our
growth."
Shifting investor preference in product types, asset allocation,
and investment choice presents growth opportunities across the
industry. With 3,618 funds and $9.2
trillion in total assets under management, ETF assets
increased 25% from a year ago, representing significant
growth.2 Overall growth for interval and tender-offer
funds has been robust and consistent, with net assets increasing
24.2% from first quarter 2023 to first quarter 2024. During the
first quarter of 2024, interval and tender-offer funds gained
$10.6 billion in net
assets.2 Capitalizing on these trends, investment
managers are outsourcing their fund operations and oversight in
order to focus on their investment expertise and business
growth.
Jeff Cullen, Managing Director
at Cullen Capital Management, said:
"We recently launched our first active ETF on the Advisors'
Inner Circle Fund series trust, which efficiently addressed the
complexities associated with ETFs. The AIC is an established,
proven operational platform that provides us with the
infrastructure and expertise we need to go to market and serve our
clients."
Mike Beattie, Managing
Director of SEI's Investment Managers business, said:
"The primary contributor to the Advisors' Inner Circle
platform's success is our clients and their evolving product needs.
We're proud to support their businesses by providing them with the
operational infrastructure and expertise needed to seize market
trends and meet investor demands. We thank them for their trust and
strategic partnership, and we look forward to delivering on our
commitment to support their continued success and business
growth."
1 As of June 30,
2024
2 FUSE market research data as of June 30, 2024
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of June 30, 2024,
SEI manages, advises, or administers approximately $1.5 trillion in assets. For more information,
visit seic.com.
About SEI's Investment Managers business
SEI's
Investment Managers business provides advanced operating
infrastructure for investment organizations of all types to evolve
and compete in a landscape of escalating business
challenges. SEI's global operating platform delivers
customized and integrated capabilities across a wide range of
investment vehicles, strategies, and jurisdictions to investment
managers and asset owners. Our services enable users to gain scale
and efficiency, keep pace with marketplace demands, and run their
businesses more strategically. SEI partners with more than
320* traditional asset managers, alternative managers, and
sovereign wealth managers, including 43 of the top 100 asset
managers worldwide**.
*Does not include family office clients.
**Based on Pensions & Investments' Largest Money
Managers 2023 ranking.
Company
Contact:
Emily Baldwin
SEI
+1 610-676-3262
ebaldwin@seic.com
|
Media
Contact:
Kerry Mullen
Vested
+1 917-765-9720
kerry@fullyvested.com
|
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SOURCE SEI Investments Company