Envestnet PMC has selected Lord Abbett to participate in a series of ActivePassive Fund Strategist Portfolios (FSP) – a new type of investment product that manages both product selection and asset allocation. PMC was seeking a firm that has strong innovation growth equity, taxable, and tax-free investment capabilities to fulfill its philosophy of ActivePassive investing.
Model Portfolios | Lord Abbett
Simply put, the ActivePassive approach, launched by PMC in 2005, seeks an ideal combination of active and passive investment strategies based on an analysis of historical category performance. Envestnet PMC specialists have refined this discipline over the years, and currently have $3.7 billion in AUM utilizing their ActivePassive approach.