Wilmington Trust has announced the launch of seven
new mutual funds, including one that invests exclusively in ETFs.
The new funds consists of the ETF fund, three
domestic equity funds and three lifestyle funds of funds targeted to
specific levels of risk, according to the company.
The new lifestyle funds are the Conservative Asset
Allocation Fund, the Moderate Asset Allocation Fund and the Aggressive
Asset Allocation Fund. The funds combine Wilmington Trust's "strategic
asset allocation models with tactical portfolio rebalancing that is
based on a forward-looking view of the capital markets," according to
the company.
The Wilmington ETF Allocation Fund is a fund of ETFs
that's patterned after a Wilmington Trust private offering. The
domestic equity funds-the Mid-Cap Core Fund, Small-Cap Growth Fund
and Small-Cap Value Fund-is managed by the company's equity management
group.
The funds will be available through defined
contribution plans, mutual fund supermarkets, mutual fund wrap programs
and through licensed representatives of Wilmington Brokers Services
Company, the trust company's affiliate, according to Wilmington Trust.
Wilmington Trust, founded in 1903, is the 15th
largest personal trust provider in the nation and has assets under
management of $38 billion.