Wilmington Trust has hit two trend with its seven newly added mutual funds. It is turning to asset allocation funds and a fund that invests in ETFs in a bid to extend its reach to a wider swath of investors.

These include three lifestyle funds -- Wilmington Conservative Asset Allocation Fund, Wilmington Conservative Asset Allocation Fund, Wilmington Moderate Asset Allocation Fund and Wilmington Aggressive Asset Allocation Fund -- and a fund that invests solely in exchange-traded funds, the Wilmington ETF Allocation Fund.

"As they near the retirement phase of their lives, Baby Boomers are looking for ways to simplify their investment decisions," said Neil Wolfson, chief investment officer for Wilmington Trust’s Wealth Advisory business, in a statement. "Our lifestyle funds deliver on that demand. We make the asset allocation decisions and provide ongoing rebalancing of the portfolios."

Also launched were three domestic equity funds, Wilmington Mid-Cap Core Fund, Wilmington Small-Cap Growth Fund and Wilmington Small-Cap Value Fund.

The rollout was the first of its kind for the Delaware-based firm in several years. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE