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Frost Investment Advisors passes USD2bn in mutual fund assets

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Frost Investment Advisors, a registered investment adviser, has passed the milestone of managing USD2bn in assets in the Frost mutual fund family just prior to the two-year anniversary of its offering institutional mutual funds.

Both institutional and retail shares of Frost funds have seen a 32 per cent increase in share count growth since their respective inception dates.

"I am very proud of the accomplishments of our Frost Investment Advisors team in reaching the USD2bn mark so quickly," says Dick Evans (pictured), chairman and chief executive of Cullen/Frost Bankers and Frost, the parent company of the adviser. "We continue to grow assets and share counts, counter to national investment trends, validating our decision to build on our company’s substantial experience and history to offer a family of mutual funds. The successes of Frost Investment Advisors will support our efforts to expand our company’s USD22.7bn in trust assets."

Frost Investment Advisors began offering mutual funds in April 2008, initially to serve the needs of institutional clients and expanding to offer retail shares in June 2008.

The adviser now offers 13 mutual funds that include institutional and retail shares on 153 platforms.

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