SEI Launches Long Duration Credit Bond Fund

SEI Launches Long Duration Credit Bond Fund 
Fund Enables Canadian Pension Plan Sponsors to Improve Liability
Driven Investment Strategies and Minimize Pension Expense Volatility 
TORONTO -- (Marketwired) -- 06/25/13 --  SEI (NASDAQ: SEIC) today
announced the launch of the SEI Long Duration Credit Bond Fund, which
is designed to help Canadian defined benefit plan sponsors minimize
pension expense volatility by enabling them to balance pension
liabilities with more suitably matched assets. The Fund is unique in
that it is designed in a manner consistent with Fiera Capital's CIA
Method Accounting Discount Rate Curve (the Fiera Curve).  
"A vital step in managing assets in tandem with liabilities requires
selecting an appropriate discount rate to value those liabilities,"
said Andrew Kitchen, Managing Director, Solutions and Strategies,
SEI's Institutional Group. "The Fiera Curve helps sponsors and their
actuaries select a suitable liability discount rate. While plan
sponsors are not currently required to use the Fiera Curve, we
believe acceptance is gaining steam and it will ultimately be
embraced as an industry standard in valuing liabilities. The SEI Long
Duration Credit Bond Fund is designed to generate a yield consistent
with the 16-year duration point on the Fiera Curve, allowing plan
sponsors to optimize assets with liabilities, and most importantly,
to minimize the impact of the pension benefit on corporate
financials."  
"The challenge of implementing an effective investment solution to
manage pension expense volatility is amplified in today's low
interest rate, highly volatile market," said Scott Gives, Senior
Portfolio Manager, SEI's Investment Management Unit. "A fund that
addresses the long-term nature of pension obligations enhances the
ability of plan sponsors to customize their liability driven
investment solutions." 
The SEI Long Duration Credit Bond Fund invests in Canadian spread
sectors and investment-grade corporate, provincial, and municipal
debt in an effort to generate higher risk-adjusted yield relative to
other sectors and risk-free assets. Benchmarked to a customized blend
of long-term DEX indices, the Fund follows a top-down approach using
economic forecasts based on key global market, political, and
regulatory metrics and central bank policy evaluatio
n to determine
duration, yield curve, volatility, country, and currency allocations. 
About SEI's Institutional Group
 SEI's Institutional Group is one of
the first and largest global providers of outsourced fiduciary
management investment services. The company began offering these
services in 1992 and today acts as a fiduciary manager to more than
450 retirement, nonprofit and healthcare clients in seven different
countries. Through a flexible model designed to help our clients
achieve financial goals, we provide asset allocation advice and
modeling, investment management, risk monitoring and stress testing,
active liability-focused investing and integrated goals-based
reporting. For more information, visit
http://www.seic.com/enCA/institutional-investors.htm.  
About SEI 
 SEI (NASDAQ: SEIC) is a leading global provider of
investment processing, fund processing, and investment management
business outsourcing solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of March 31, 2013, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers US$495 billion in mutual fund
and pooled or separately managed assets, including US$206 billion in
assets under management and US$289 billion in client assets under
administration. For more information, visit
http://www.seic.com/enCA/index.htm. 
Company Contact:
Terry Cameron
SEI
+1 416-847-6371
tlicameron@seic.com 
 
 
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