Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products April 29, 2009
Victory Capital Unveils Three Collective Trusts
Cleveland-based Victory Capital Management has launched three collective trust funds bringing its domestic and international capabilities to 11 strategies, the firm said in a news release.
Reported by Fred Schneyer
The new funds, which will be advised by Victory, are the KeyBank N.A. EB Large Cap Growth, KeyBank N.A. EB Mid Cap Value, and the KeyBank N.A. EB International Large Cap Core Fund.
According to the release, the KeyBank N.A. EB Large Cap Growth Fund will invest in domestic large-cap equity securities above $15 billion market capitalization. The KeyBank N.A. EB Mid Cap Value Fund will invest in a diversified portfolio of medium-sized securities with market capitalization between $2 billion and $15 billion.
The KeyBank N.A. EB International Large Cap Core Fund will invest in a broad range of international equity securities.
“With increasing demand for collective trust funds in the marketplace, we can offer our clients a wide range of options to meet their investment needs,” said John Kutz, managing director, Retirement Plan Services at Victory Capital Management, in the release. “The new collective trust funds expand Victory’s product line to 11 different strategies, with multiple share classes available to plan sponsors through various recordkeeping programs.”