CBIS Launches CUIT Magnus Funds
CHICAGO (PRWEB) July 05, 2018 -- Christian Brothers Investment Service (CBIS) today launched the CUIT Magnus Funds, a series of four pooled investment vehicles designed to provide comprehensive investment management, including Catholic Responsible InvestingSM practices and turnkey administrative support for Catholic institutions worldwide.
Each CUIT Magnus Fund provides a distinct mix of exposures to return-seeking and risk-reducing asset classes, both domestic and international. The funds are constructed using a defined-risk approach with the CBIS-advised CUIT Funds serving as component investments. The CUIT Magnus Funds lineup features conservative, core and aggressive offerings based on risk exposure. Each CUIT Magnus Fund includes both active and passive CUIT Funds components with the active funds powered through a multi-manager approach.
“The CUIT Magnus Funds deliver an easy-button solution to Catholic fiduciaries,” said Jeff McCroy, President & Chief Executive Officer of CBIS. “These investment offerings were created to enable the religious institutes, dioceses, healthcare, and educational institutions we serve to focus on their core missions and to be confident that the important work of rebalancing, monitoring, reporting and cash flow management is being handled prudently and to their precise instructions.”
CBIS is a Catholic, socially responsible investment management firm that currently manages $7.5 billion in assets worldwide. It has been servicing the investment needs of Catholic institutions exclusively since 1981. CBIS is owned by the U.S. Districts of the De La Salle Christian Brothers and the Center of the Institute of the Brothers of the Christian Schools, all of whom are part of the Catholic religious teaching congregation. CBIS’ program of Catholic Responsible InvestingSM incorporates both screening and corporate engagement strategies to ensure that investments integrate the moral and social teachings of the Catholic Church. CBIS provides services out of locations in Chicago, New York, San Francisco, Rome, and Madrid.
Why Magnus? Magnus in Latin means “great,” the name Magnus reflects CBIS’ high aspirations for the new fund line. “It is our hope that the name Magnus will evoke the greatness of the church, its rich history and its relevance to the future of humankind as evinced through good works and missions,” said McCroy. “Through these funds, we seek to help institutions of the church with their stewardship of the financial resources that make these works possible.”
Rick Shaughnessy, Coronado Pacific Group, Inc., http://coronadopacific.com, +1 6199963226, [email protected]
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