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SEI's Advisors' Inner Circle Fund Reaches $100 Billion in Net Assets

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SEI (NASDAQ:SEIC) announced that its Advisors' Inner Circle (AIC) series trust has reached $100 billion in net assets, supporting 47 clients and 128 funds. The AIC provides investment managers with a cost-effective solution to launch and operate registered funds, including mutual funds, ETFs, interval, and tender-offer funds. This milestone reflects AIC's position as a leading turnkey platform for '40 Act vehicles.

The industry is experiencing significant growth, with ETF assets increasing 25% year-over-year to $9.2 trillion, and interval and tender-offer funds seeing a 24.2% increase in net assets from Q1 2023 to Q1 2024. Investment managers are increasingly outsourcing fund operations to focus on their core expertise and business growth.

SEI (NASDAQ:SEIC) ha annunciato che il proprio trust della serie Advisors' Inner Circle (AIC) ha raggiunto $100 miliardi di attivi netti, supportando 47 clienti e 128 fondi. L'AIC offre ai gestori patrimoniali una soluzione economica per lanciare e gestire fondi registrati, inclusi fondi comuni, ETF, fondi a intervallo e fondi di offerta di acquisto. Questo traguardo riflette la posizione dell'AIC come piattaforma chiavi in mano leader per i veicoli '40 Act.

Il settore sta vivendo una crescita significativa, con gli attivi degli ETF in aumento del 25% anno su anno fino a $9,2 trilioni, e i fondi a intervallo e di offerta di acquisto che registrano un incremento del 24,2% degli attivi netti dal Q1 2023 al Q1 2024. I gestori patrimoniali stanno sempre più esternalizzando le operazioni sui fondi per concentrarsi sulla loro expertise principale e sulla crescita aziendale.

SEI (NASDAQ:SEIC) anunció que su fondo de la serie Advisors' Inner Circle (AIC) ha alcanzado $100 mil millones en activos netos, apoyando a 47 clientes y 128 fondos. El AIC proporciona a los gestores de inversiones una solución rentable para lanzar y operar fondos registrados, incluidos fondos mutuos, ETFs, fondos a intervalos y fondos de oferta de recompra. Este hito refleja la posición del AIC como una plataforma líder llave en mano para vehículos '40 Act.

La industria está experimentando un crecimiento significativo, con los activos de ETF aumentando un 25% año tras año hasta alcanzar $9.2 billones, y los fondos a intervalos y de oferta de recompra viendo un aumento del 24.2% en activos netos desde el Q1 2023 hasta el Q1 2024. Los gestores de inversiones están externalizando cada vez más las operaciones de fondos para centrarse en su experiencia principal y en el crecimiento empresarial.

SEI (NASDAQ:SEIC)는 Advisors' Inner Circle (AIC) 시리즈 트러스트1,000억 달러의 순 자산에 도달했다고 발표했습니다. AIC는 47명의 고객과 128개의 펀드를 지원합니다. AIC는 투자 관리자가 공모펀드, ETF, 간헐적 펀드 및 매입 제안 펀드를 시작하고 운영할 수 있는 비용 효율적인 솔루션을 제공합니다. 이 이정표는 '40 Act 차량을 위한 선도적인 턴키 플랫폼으로서의 AIC의 입지를 반영합니다.

업계는 ETF 자산이 전년 대비 25% 증가하여 9.2조 달러에 달하고, 간헐적 및 매입 제안 펀드는 Q1 2023에서 Q1 2024 사이에 순 자산이 24.2% 증가하는 등 상당한 성장을 경험하고 있습니다. 투자 관리자는 핵심 전문성과 비즈니스 성장에 집중하기 위해 펀드 운영을 점점 더 아웃소싱하고 있습니다.

SEI (NASDAQ:SEIC) a annoncé que son fonds de la série Advisors' Inner Circle (AIC) a atteint 100 milliards de dollars d'actifs nets, soutenant 47 clients et 128 fonds. L'AIC fournit aux gestionnaires d'investissement une solution économique pour lancer et gérer des fonds enregistrés, y compris des fonds communs, des ETF, des fonds à intervalles et des fonds d'offre de rachat. Ce jalon reflète la position de l'AIC en tant que plateforme clé en main leader pour les véhicules '40 Act.

Le secteur connaît une croissance significative, avec les actifs des ETF en hausse de 25% d'une année sur l'autre pour atteindre 9,2 trillions de dollars, et les fonds à intervalles et d'offre de rachat connaissant une augmentation de 24,2% des actifs nets entre le T1 2023 et le T1 2024. Les gestionnaires d'investissement externalisent de plus en plus les opérations de fonds pour se concentrer sur leur expertise principale et la croissance de l'entreprise.

SEI (NASDAQ:SEIC) gab bekannt, dass sein Advisors' Inner Circle (AIC) Serienfonds 100 Milliarden USD an Nettomitteln erreicht hat, die 47 Kunden und 128 Fonds unterstützen. Der AIC bietet Anlageverwaltern eine kostengünstige Lösung zum Start und Betrieb von registrierten Fonds, einschließlich Investmentfonds, ETFs, Intervallfonds und Rückkaufangebotfonds. Dieser Meilenstein spiegelt die Position des AIC als führende Turnkey-Plattform für '40 Act-Fahrzeuge wider.

Die Branche erlebt ein signifikantes Wachstum, wobei die Vermögenswerte von ETFs im Jahresvergleich um 25% gestiegen sind und 9,2 Billionen USD erreicht haben. Intervall- und Rückkaufangebotfonds verzeichnen eine Steigerung der Nettomittel um 24,2% von Q1 2023 bis Q1 2024. Anlageverwalter lagern zunehmend Fondsoperationen aus, um sich auf ihre Kernkompetenzen und das Unternehmenswachstum zu konzentrieren.

Positive
  • AIC series trust reached $100 billion in net assets, supporting 47 clients and 128 funds
  • ETF assets increased 25% year-over-year to $9.2 trillion
  • Interval and tender-offer funds saw a 24.2% increase in net assets from Q1 2023 to Q1 2024
  • AIC platform expanded to include ETFs, interval, and tender-offer funds, capitalizing on market trends
Negative
  • None.

Insights

The $100 billion milestone for SEI's Advisors' Inner Circle (AIC) fund is a significant achievement, reflecting strong growth in the asset management industry. This growth is particularly notable given the 25% increase in ETF assets and 24.2% growth in interval and tender-offer funds over the past year.

The diversification of AIC's offerings to include ETFs, interval and tender-offer funds demonstrates SEI's adaptability to market trends. This expansion positions SEI well to capture a larger market share in the evolving investment landscape. The 47 clients and 128 funds under AIC's umbrella indicate a robust and diverse client base, which could provide stability and recurring revenue for SEI.

However, investors should note that while this growth is impressive, it's important to consider how it translates to SEI's overall financial performance and profitability. The impact on SEI's stock will depend on how efficiently the company can manage this growth and convert it into shareholder value.

The growth in ETFs, interval and tender-offer funds represents a significant shift in investor preferences. With ETF assets reaching $9.2 trillion, there's a clear trend towards these more flexible and often lower-cost investment vehicles. This shift presents both opportunities and challenges for traditional asset managers.

The outsourcing trend highlighted in the article is particularly noteworthy. As investment managers focus on their core competencies, platforms like AIC that offer turnkey solutions are well-positioned to benefit. This could lead to increased market consolidation, with larger platforms gaining more market share.

Investors should watch for how this trend affects the competitive landscape. Smaller asset managers may struggle to keep up with the operational efficiencies offered by platforms like AIC, potentially leading to industry consolidation or strategic partnerships.

Exchange-traded, Interval, and Tender-Offer Funds Present Growth Opportunities for Investment Managers

OAKS, Pa., Aug. 28, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that the Advisors' Inner Circle Fund® (AIC) series trust reached $100 billion in net assets, supporting 47 clients and 128 funds.1 An end-to-end operational platform, the AIC provides investment managers of all sizes a more cost-effective solution to launch and operate new and existing registered funds.

SEI helped pioneer the series trust concept 33 years ago by introducing the AIC, an institutional-quality, turnkey operating platform. The AIC has significantly expanded its operations over the years from mutual funds to include ETFs, interval, and tender-offer funds. This new milestone reflects the AIC's position as one of the industry's leading and most established turnkey platforms for '40 Act vehicles.

Charles Falck, Chief Operating Officer of GQG Partners, said:

"We're extremely pleased with our long-term relationship with SEI and the Advisors' Inner Circle platform. They provided the expertise we needed to launch and operate our mutual funds, which contributed significantly to our success. SEI's team is committed to delivering exemplary client service and continue to support our growth."

Shifting investor preference in product types, asset allocation, and investment choice presents growth opportunities across the industry. With 3,618 funds and $9.2 trillion in total assets under management, ETF assets increased 25% from a year ago, representing significant growth.2 Overall growth for interval and tender-offer funds has been robust and consistent, with net assets increasing 24.2% from first quarter 2023 to first quarter 2024. During the first quarter of 2024, interval and tender-offer funds gained $10.6 billion in net assets.2 Capitalizing on these trends, investment managers are outsourcing their fund operations and oversight in order to focus on their investment expertise and business growth.

Jeff Cullen, Managing Director at Cullen Capital Management, said:

"We recently launched our first active ETF on the Advisors' Inner Circle Fund series trust, which efficiently addressed the complexities associated with ETFs. The AIC is an established, proven operational platform that provides us with the infrastructure and expertise we need to go to market and serve our clients."

Mike Beattie, Managing Director of SEI's Investment Managers business, said:

"The primary contributor to the Advisors' Inner Circle platform's success is our clients and their evolving product needs. We're proud to support their businesses by providing them with the operational infrastructure and expertise needed to seize market trends and meet investor demands. We thank them for their trust and strategic partnership, and we look forward to delivering on our commitment to support their continued success and business growth."

1 As of June 30, 2024
2 FUSE market research data as of June 30, 2024

About SEI®
SEI (NASDAQ:SEIC) delivers technology and investment solutions that connect the financial services industry. With capabilities across investment processing, operations, and asset management, SEI works with corporations, financial institutions and professionals, and ultra-high-net-worth families to help drive growth, make confident decisions, and protect futures. As of June 30, 2024, SEI manages, advises, or administers approximately $1.5 trillion in assets. For more information, visit seic.com.

About SEI's Investment Managers business
SEI's Investment Managers business provides advanced operating infrastructure for investment organizations of all types to evolve and compete in a landscape of escalating business challenges. SEI's global operating platform delivers customized and integrated capabilities across a wide range of investment vehicles, strategies, and jurisdictions to investment managers and asset owners. Our services enable users to gain scale and efficiency, keep pace with marketplace demands, and run their businesses more strategically. SEI partners with more than 320* traditional asset managers, alternative managers, and sovereign wealth managers, including 43 of the top 100 asset managers worldwide**.

*Does not include family office clients.
**Based on Pensions & Investments' Largest Money Managers 2023 ranking.

Company Contact: 

 

Emily Baldwin
SEI
+1 610-676-3262
ebaldwin@seic.com

Media Contact:

 

Kerry Mullen
Vested
+1 917-765-9720
kerry@fullyvested.com

Cision View original content:https://www.prnewswire.com/news-releases/seis-advisors-inner-circle-fund-reaches-100-billion-in-net-assets-302232196.html

SOURCE SEI Investments Company

FAQ

What milestone did SEI's Advisors' Inner Circle (AIC) series trust reach in 2024?

SEI's Advisors' Inner Circle (AIC) series trust reached $100 billion in net assets, supporting 47 clients and 128 funds as of June 30, 2024.

How much did ETF assets increase according to the SEI (SEIC) press release?

According to the press release, ETF assets increased 25% year-over-year, reaching $9.2 trillion in total assets under management.

What was the growth rate for interval and tender-offer funds from Q1 2023 to Q1 2024?

The press release states that interval and tender-offer funds saw a 24.2% increase in net assets from the first quarter of 2023 to the first quarter of 2024.

What types of funds does SEI's Advisors' Inner Circle (AIC) platform support?

SEI's Advisors' Inner Circle (AIC) platform supports mutual funds, ETFs, interval funds, and tender-offer funds.

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