U.S. Bancorp Fund Service has unveiled its fourth multiple service trust (MTS) for investment managers. The new trust, known as Managed Portfolio Series (MPS), will support the mutual fund products of investment firms.
The trust offers a primary point of contact to carry out clients’ service plans and enable a seamless service implementation for new launches for more mature portfolios. U.S. Bancorp’s four shared trusts have $12.585 billion in mutual fund assets, 103 participating funds, 145 classes and 56 different advisers.
Click here for the release fromBusiness Wire.