M&T Bank and Wilmington Trust have reorganized the MTB Group of Funds and Wilmington Funds into one fund family one year after their merger and two months after M&T bank revealed plans to merge its brand its funds with the Wilmington moniker.
The new Wilmington Funds include four money market funds, nine fixed income funds, three asset allocation funds, seven equity funds, a multi-manager real asset fund, and an alternative fund. MTB Funds previously encompassed 23 Funds including equity, hybrid, fixed income, money market and insurance trust offerings. See here for a complete list of Wilmington Funds.Wilmington Funds now boasts 25 funds and $13.8 billion in assets as of Dec. 31, 2011.
"The reorganization of these two fund families creates a strategic spectrum of mutual funds designed to address a wide range of investor goals with choices ranging from money market, fixed income, equity, and asset allocation funds," stated Ken Thompson, senior vice president of Asset Management at M&T Bank & Wilmington Trust.
"Through the new Wilmington Funds we can provide our clients with a wide array of mutual funds to help meet their investment goals."