FYI: Collective investment trusts are big. The financial-technology firm ALPS judges that CIT assets hit $2 trillion in early 2016 and will reach $3 trillion by the end of this year. (For comparison’s sake, U.S. exchange-traded funds are at $3.5 trillion.) Morningstar shows CITs to have $2.4 trillion. Either way, there’s no doubt that CITs command substantial assets and are growing rapidly.
Regards,
Ted
https://www.morningstar.com/articles/870108/collective-investment-trusts-the-invisible-giant.html
