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'Collective trusts' are unfamiliar, opaque—and worth a second look
Old 03-19-2013, 07:22 AM   #1
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'Collective trusts' are unfamiliar, opaque—and worth a second look

Why 'Collective Trusts' Are Worth Considering -

A collective investment trust is created or administered by a bank or trust company. Like a mutual fund, it assembles assets from a number of sources. For instance, the Manning & Napier Pro-Mix Extended Term CIT, a target-risk trust for investors with a time horizon of seven to 20 years, had 57.3% of its $8.8 billion in assets under management in stocks, 40% in bonds and 2.7% in cash at the end of the third quarter.
Never heard of these! Learn something new every single day....

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Old 03-19-2013, 08:20 AM   #2
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Originally Posted by SumDay View Post
Why 'Collective Trusts' Are Worth Considering -

Never heard of these! Learn something new every single day....

IIRC, you can only invest in them if you have a trust at that bank.... I guess I will read the story to find out...

OK, read the article and they were talking about in a retirement plan... but that means it has to be sponsored in that plan... Fidelity and Vanguard probably are not going to be adding in CITs...

How I remember them is that if you set up a trust at a bank... usually your trust did not have enough money to invest in individual stocks... so the bank had a common trust that you would invest and you would then get the diversification you needed... these were used long before mutual funds exploded in popularity...

I would bet that buying ETFs are cheaper than CITs... and also easier to follow....
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