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SEI’s Collective Investment Trust Business Experiences Significant Growth
PR Newswire
OAKS, Pa.,
March 15, 2021 /PRNewswire/ SEI (NASDAQ:SEIC), a leading global provider of investment processing, investment management, and investment operations solutions, announced today that its collective investment trust (CIT) business has surpassed
$100 billion in assets under administration (AUA) as of
Dec. 31, 2020, representing a 20.5% increase in the firm s AUA from a year ago. Through SEI Trust Company, SEI launched 39 funds across 11 global investment managers, adding over
$17.3 billion in CIT assets in 2020.
The growth of SEI s CIT business is driven by its established turnkey operational platform and experienced, professional staff, enabling investment managers, retirement plans, consultants and advisors an efficient way to gain access to SEI s extensive CIT line-up. SEI s growth is further driven by other industry factors, including continued fee pressure and the d
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