World Asset Management, Inc., a subsidiary of Comerica Bank, helps clients build broadly diversified passively managed portfolios with a global reach in a cost-effective manner. Passive investment strategies can be used to provide representation to any segment of the domestic or foreign markets and can be an important part of an overall asset allocation strategy. Our proven quantitative process allows us to passively manage index portfolios tailored to the specific needs of each client.
With over $16 billion in assets under management, we serve corporations, municipalities, Taft-Hartley clients, endowments, foundations, hospitals, faith-based organizations and private clients across the country.
Every portfolio is measured daily against the appropriate index and rebalanced continually to meet each client’s cash flow needs.
World Asset Management has decades of experience managing a variety of portfolios, including:
Collective Investment Funds and Common Trust Funds
World Asset Management sub-advises several passively managed collective investment funds and common trust funds which are sponsored and maintained by Comerica Bank & Trust, National Association. These collective investment funds and common trust funds include a wide array of equity and fixed income strategies and are designed to meet the needs of institutional investors such as qualified employee benefit plans and certain tax-exempt entities, including foundations, endowments, VEBAs, governmental entities, and Taft-Hartley health and welfare plans.
Separately Managed Portfolios
We encourage clients to invest in commingled funds whenever possible to minimize costs and maximize efficiency. However, there are occasions when separately managed portfolios are preferable. World Asset Management’s separately managed portfolios follow the same passive investment process that we utilize with commingled funds. Separately managed portfolios can be designed to replicate an index or customized to meet the specific needs of a client.
World Asset Management sub-advises a number of passively managed equity mutual funds which track indices such as the S&P 500, S&P MidCap 400, and the S&P SmallCap 600. Several of these mutual funds are highly ranked amongst their peers.
We offer investment advisory services to banks, mutual fund families, insurance companies and investment advisors. World Asset Management currently sub-advises portfolios for Comerica Bank, Comerica Bank & Trust, National Association, the Munder Funds®, and Calvert Investment Management, Inc.1
Socially Responsible and Cleansed Portfolios
Working closely with our clients, we are able to structure passively managed socially responsible and “cleansed” portfolios which allow our clients to tailor passive investment strategies to their unique needs and to influence corporate management through the power of proxy voting and shareholder resolutions.
For more information, please call World Asset Management at 248.594.5200.