U.S. Bancorp has launched its fourth multiple series trust to support mutual funds, called the Managed Portfolio Series.
“We are excited to be able to expand our MST offering and provide our clients with the highest level of products and services necessary for them to be successful in this competitive landscape. Our culture and work ethic drive us to deliver what it takes to support each individual client from start-ups to mature fund families,” said Joe Redwine, president of U.S. Bancorp fund Services.
U.S. Bancorp’s four shared trusts have $12.85 billion in mutual fund assets, 103 participating funds, 145 classes and 45 different advisors. All of the trusts have a dedicated chief compliance officer and legal and tax talent.