Philadelphia-Area Trust Company Plans Nine Funds
May 29, 2000
The money management affiliate of the Pitcairn Trust Co. of Jenkintown, Pa., has filed a registration statement to offer a lineup of nine mutual funds.
The Pitcairn Funds will include domestic and international equity funds and domestic fixed-income funds, according to a registration statement the funds filed with the Securities and Exchange Commission May 15. Pitcairn expects to introduce the funds this year, according to the filing. Pitcairn did not identify the exact date it plans to introduce the funds nor did it disclose the funds' expected expenses.
Pitcairn Investment Management of Jenkintown, Pa., a division of Pitcairn Trust, will serve as adviser to the funds, according to the registration statement. The firm had about $2.5 billion in assets under management as of March 31, according to the registration statement. Affiliates of Pitcairn have provided investment advice to high-net-worth individuals for more than 75 years.