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Collective investment trusts are still climbing—both in use and in offerings.

UBS Asset Management Trust Company and Morningstar, Inc. announced that their collaboration on a UBS series of target-date collective investment trust funds (CITs) that seek to track the performance of the Morningstar Lifetime Allocation Indexes has attracted two large corporate defined contribution plan clients in their first six months, gathering $2.4 billion in assets.

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