Over the last year, Wilmington Trust, in partnership with the Nasdaq Fund Network, has launched the first tickers for Collective Investment Trust (CITs).Leading the movement in transparency around CITs, teams representing Wilmington Trust and Nasdaq listened to client and industry feedback and shifted the perception around transparency. Today, we have over 350 tickers now listed on the Nasdaq Fund Networks.
Four misconceptions in the retirement community around Collective Investment Trusts (CITs):Myth #1: Performance for a strategy will be the same regardless of the investment vehicle.
The role of an advisor or consultant when working with clients is to help in selecting and monitoring collective investment trusts (CITs). Since this arena is still an emerging environment, not all asset managers have access to CITs. By working with plan sponsors, advisors can add value by introducing CITs for all investment options, which includes the cost structure differences between CITs and mutual funds.