Citizens Advisers, the Portsmouth, N.H.-based investment adviser to Citizens Funds, has named State Street Global Advisors Funds Management as the permanent sub-advisor for two of its funds. With $1.5 million in assets under management, Citizens Funds offers a series of socially responsible mutual funds.
SSgA was selected as the sub-advisor for the Citizens Global Equity Fund and the Citizens International Growth Fund. SSgA has served as interim sub-advisor on the two funds since October of last year. The global equity fund has a year-to-date return of 2.03%, and the international growth fund has a year-to-date return of 0.14%, according to Morningstar.