Despite the negative rating, an area of strength of the firm is manager investment. Over 25% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. In terms of risk-adjusted performance, the Wilmington Trust open-end and exchange-traded funds fall short of competitors, with an average 10-year Morningstar Rating of 2.2 stars. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fund fees on its products fall in the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
More Companies Face Backlash on Social Issues. Is Citigroup the Next Disney?
As Citi assists workers who want to seek abortions, a Texas lawmaker wants to stop the bank from underwriting bonds.