OAKS, PA — SEI® (NASDAQ: SEIC) has announced that its Advisors’ Inner Circle Fund® (AIC) series trust has reached a significant milestone, with $100 billion in net assets. This achievement underscores the AIC’s role as a leading platform offering cost-effective solutions for launching and managing registered funds. The AIC supports 47 clients and 128 funds, showcasing its expansive reach and impact in the investment industry.
The AIC, introduced by SEI 33 years ago, pioneered the series trust concept by providing an institutional-quality operating platform. Over the years, it has expanded its offerings beyond mutual funds to include ETFs, interval, and tender-offer funds. This milestone highlights the AIC’s position as a robust and trusted turnkey platform for ’40 Act vehicles.
Charles Falck, Chief Operating Officer of GQG Partners, praised SEI’s support, stating, “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.”
The financial sector is witnessing shifting investor preferences, with ETF assets growing by 25% year-over-year, reaching $9.2 trillion in total assets. Interval and tender-offer funds have also seen significant growth, with a 24.2% increase in net assets from the first quarter of 2023 to the first quarter of 2024.
Jeff Cullen, Managing Director at Cullen Capital Management, shared his success with the AIC, saying, “We recently launched our first active ETF on the Advisors’ Inner Circle Fund series trust, which efficiently addressed the complexities associated with ETFs.”
Mike Beattie, Managing Director of SEI’s Investment Managers business, emphasized the importance of client relationships, noting that SEI provides the operational infrastructure and expertise needed for investment managers to leverage market trends and meet investor demands. This commitment fuels SEI’s continuous support for the growth and success of its clients’ businesses.
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