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.
Collective Investment Trusts (CITs) are gaining traction and eligible investors are combining these assets into a single investment portfolio, or fund. These tax-exempt, pooled investment vehicles are typically sponsored and maintained by a bank or trust company acting as trustee. Often, they are used to pursue a set of stated investment objectives and strategies.In recent years, CITs have seen tremendous growth and are becoming a bigger part of the retirement puzzle.
COVID-19 has greatly impacted the way we work, with most companies having to quickly switch to employees working remotely. This rapidly changing environment has required businesses to modify day-to-day operations and procedures like making payments. M&T Bank’s Frank Lago, Leigh Balcom and Kristen Karkau sit down to discuss threats that may impact businesses operating in a remote environment.