Frost Investment Advisors’ Total Return Bond Fund has crossed $500 million in assets under management. The fund exceeded the one-year and three-year average performance of its benchmark, the Barclay’s Capital U.S. Aggregate Bond Index, of 5.36% and 5.81% respectively.
The fund, which serves both institutional and retail clients, has returned 9.8% on an annualized basis through April 30, 2011, since its launch on April 25, 2008. The firm’s mutual funds have also obtained $2.5 billion in assets under management as compared to $2.4 billion on March 31, 2011. The advisor’s total assets under management have reached $7.8 billion.
Click here for the release from PR Newswire.