SEI’s Collective Expense Believe in Business Experiences Sizeable Progress

Focus on-Date Fund CITs Gaining Momentum, SEI’s CIT Small business Positive aspects from U.S. Retirement Market Developments

OAKS, Pa., March 15, 2021 /PRNewswire/ — SEI (NASDAQ:SEIC), a foremost global supplier of expenditure processing, financial investment administration, and investment operations answers, introduced right now that its collective financial investment trust (CIT) business has surpassed $100 billion in property beneath administration (AUA) as of Dec. 31, 2020, representing a 20.5% maximize in the firm’s AUA from a calendar year in the past. Via SEI Rely on Organization, SEI launched 39 funds across 11 world wide financial commitment professionals, including over $17.3 billion in CIT assets in 2020.

The expansion of SEI’s CIT business is driven by its set up turnkey operational platform and experienced, experienced employees, enabling investment supervisors, retirement options, consultants and advisors an productive way to achieve obtain to SEI’s comprehensive CIT line-up. SEI’s progress is even more driven by other field components, which includes ongoing payment pressure and the desire for custom-made investment methods for the retirement system sector. Investment supervisors typically get the job done with SEI to create CIT options pursuing the same techniques as their conventional fund offerings. Usually these retirement sector-centered CITs can be supplied at a lessen cost level than competing products. By doing so, these administrators are observing beneficial effects and meaningful upticks in their retirement organizations.

In accordance to Callan’s “2020 Outlined Contribution Trends Study,” roughly 78% of plan sponsors said last year that CITs are on their investment menus, an 11% maximize from 2019. Callan even more statements that the number of retirement ideas that give CITs to individuals is escalating, and in the up coming number of yrs, that selection could surpass that of mutual fund offerings. Virtually 60% of plan sponsors surveyed by Callan stated they are probable to move to reduce-charge financial investment autos in 2021.

With the expanding trend in item customization, CIT focus on-day money are poised to turn out to be the target-day vehicle of option amongst approach sponsors and expenditure administrators alike. Callan’s report cited that goal-day procedures presented by way of CITs have performed a big aspect in the vehicle’s advancement. About 40% of all concentrate on-date belongings, or $800 billion, resided in CITs as of March 2020, according to Morningstar’s “2020 Goal-Day Technique Landscape” report. This was up from fewer than 20% in 2014.

“Lots of of our shoppers are including concentrate on-day fund CITs to their financial investment portfolios to meet the customization needs of strategy sponsors and consultants,” mentioned John Alshefski, Senior Vice President and Managing Director of SEI’s Expenditure Manager Expert services division. “CITs also provide financial commitment supervisors and approach sponsor investors entry to a large wide range of asset classes and several fee lessons based mostly on their dimension and connection.”

Nuveen, the worldwide expense manager of TIAA, has benefited from SEI’s turnkey system by expanding its focus on-date fund alternative with the addition of the Nuveen TIAA Lifecycle Index CIT sequence. Nuveen’s CIT sequence will further enhance the firm’s present TDF suite, which involves an supplying of lively, passive and blended procedures. Nuveen’s CIT collection will now provide a passive goal-day tactic in both equally a mutual fund (TIAA-CREF Lifecycle Index Money) and a CIT resolution. SEI Trust Business is the trustee for Nuveen’s CIT collection, giving them with fiduciary and expense management oversight.

“Nuveen is aggressively in search of ways to satisfy the demands of system sponsors and contributors, and we are performing so by boosting our concentrate on-day fund suite with new approaches and goods,” explained Jeff Eng, Running Director and Head of Retirement Items at Nuveen. “With the launch of Nuveen’s Lifecycle Target Date Blend and Index CIT collection, and the advantages of employing SEI’s platform, our agency carries on to expand and evolve in the retirement industry,” claimed Eng.

With around 30 decades of skills servicing CITs, SEI’s turnkey operational platform and its workforce of committed specialists assistance asset managers’ and strategy sponsors’ exceptional calls for. As of Dec. 31, 2020, by means of SEI Believe in Business, SEI providers about 450 collective investment decision resources and 120 collective financial commitment trusts, and works closely with above 135 international asset professionals.

About SEI’s Investment Manager Providers Division
SEI’s Expenditure Supervisor Expert services materials financial commitment corporations of all types with advanced operating infrastructure they need to have to evolve and compete in a landscape of escalating company problems. SEI’s award-winning world working platform gives expense supervisors and asset proprietors with customized and integrated capabilities throughout a extensive variety of expense autos, strategies and jurisdictions. Our products and services help users to achieve scale and efficiency, keep speed with market calls for, and operate their enterprises additional strategically. SEI associates with much more than 550 common and option asset administrators, as effectively as sovereign wealth cash and spouse and children places of work, symbolizing practically $30 trillion in assets, which include 49 of the prime 100 asset supervisors worldwide*. For extra facts, check out seic.com/ims.

*Based mostly on Pensions & Investments’ “Major Funds Professionals” 2019 ranking.

About SEI Belief Business
SEI Have faith in Organization (the “Trustee”) serves as the Trustee of the Fund and maintains supreme fiduciary authority in excess of the administration of, and the investments created, in the Fund. The Fund is part of a Collective Financial investment Belief (“the Belief”) operated by the Trustee. The Trustee is a trust business arranged beneath the guidelines of the Commonwealth of Pennsylvania and a wholly owned subsidiary of SEI Investments Firm (SEI).

About SEI
Following 50 several years in enterprise, SEI (NASDAQ:SEIC) continues to be a main worldwide company of financial investment processing, expense management, and investment functions options intended to enable firms, economic institutions, money advisors, and ultra-significant-internet-truly worth households develop and handle prosperity. As of Dec. 31, 2020, via its subsidiaries and partnerships in which the corporation has a sizeable interest, SEI manages, advises or administers close to $1 trillion in hedge, personal equity, mutual fund and pooled or separately managed assets, like about $369 billion in belongings underneath administration and $787 billion in shopper belongings underneath administration. For much more data, visit seic.com.

About Nuveen
Nuveen, the expense manager of TIAA, gives a complete selection of end result-centered financial investment alternatives intended to secure the extended-phrase monetary plans of institutional and unique buyers. Nuveen has $1.2 trillion in property less than administration as of 31 Dec 2020 and functions in 27 nations. Its investment decision specialists offer you deep experience throughout a thorough assortment of regular and choice investments as a result of a large array of cars and customized approaches. For extra details, make sure you visit www.nuveen.com.

The Believe in is for the collective investment decision of property or participating tax qualified pension and earnings sharing ideas and related trusts, and govt designs as much more absolutely described in the Declaration of Believe in. As financial institution collective trusts, the Rely on is exempt from registration as an financial investment enterprise. The Have confidence in is managed by SEI Belief Firm, the trustee, primarily based on the investment decision guidance of Nuveen Fund Advisors, LLC and its affiliated advisers who serve as sub-advisers to specific CITs. For additional details, make sure you see the featuring paperwork for the Have confidence in, offered from SEI Trust Enterprise.

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