Lincoln Financial Group Partners With Minority-Owned Boutique Asset Management Firm to Bring Additional Small-Cap Investment Opportunities to Clients
22 Agosto 2022 - 02:30PM
Business Wire
Lincoln Financial Group's dedicated
minority-managed mutual fund, LVIP Channing Small Cap Value Fund,
is now available as a standalone investment in its annuity product
suites
Lincoln Financial Group (NYSE: LNC) today announced that its
minority-managed mutual fund, LVIP Channing Small Cap Value Fund,
is now available as a standalone investment within the Lincoln
ChoicePlusSM and Investor Advantage® annuity product suites. This
investment option, in partnership with Channing Capital Management,
LLC, provides clients with a platform for investing primarily in
stocks of small-cap companies that fall within the range of
companies in the Russell 2000 ® Value Index.
“We are proud to be working with Channing Capital, a firm that
shares our deep commitment to diversity, equity and inclusion, and
we recognize the importance of strong partnerships in pursuing our
corporate social responsibility efforts,” said Jayson Bronchetti,
Chief Investment Officer and Head of Risk and Sustainability,
Lincoln Financial. “Channing’s flagship small-cap value strategy
has disciplined adherence to the team’s stated process. Their
investment philosophy has produced strong risk-adjusted returns and
a predictable pattern of returns through time. Investing in
small-cap companies brings a significant upside growth potential
unmatched by larger companies. Channing’s quality-oriented
investment style looks to protect investors on the downside and add
value throughout its rigorous, fundamental, bottom-up process.”
The LVIP Channing Small Cap Value Fund is sub-advised by
minority-owned boutique asset manager firm Channing Capital, a
top-tier investment management boutique firm that focuses on
“Intrinsic Value” investing. Channing’s nimble approach and
disciplined process opportunistically capture alpha through stock
selection. Lincoln Financial’s Investments team spent time looking
for a firm for this mandate that has assets under $1 billion, is
diverse in nature and has a structure for incentivizing teamwork,
diversity, gender, race and ethnicity.
The announcement of the Fund comes after Lincoln’s nonprofit
investment partnership with The American Council of Life Insurers
(ACLI), “360 Community Capital,” which is designed to be a force
multiplier bringing capital from the life insurance sector to
affordable housing in underserved communities through partnerships
with nonprofit and public community development organizations.
Lincoln is one of 39 ACLI member companies that is a Founding
Partner of 360 Community Capital.
“Our partnership with Channing Capital and our involvement with
the ACLI’s 360 Community Capital program are a result of our
ongoing focus and commitment to Diversity, Equity and Inclusion
(DE&I) in the Investments organization at Lincoln. Our focus is
specific and our actions to advance DE&I at Lincoln are
intentional, this includes our investment strategy, and we’re proud
of the progress we have made and the opportunities ahead,” said
Allison Green Johnson, Chief Diversity Officer, Lincoln
Financial.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, approximately 16 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and guard
against long-term care expenses. Headquartered in Radnor,
Pennsylvania, Lincoln Financial Group is the marketing name for
Lincoln National Corporation (NYSE:LNC) and its affiliates. The
company had $279 billion in end-of-period account values as of June
30, 2022. Lincoln Financial Group is a committed corporate citizen
included on major sustainability indices including the Dow Jones
Sustainability Index North America and FTSE4Good and ranks among
Newsweek’s Most Responsible Companies. Dedicated to diversity,
equity and inclusion, we are included on transparency benchmarking
tools such as the Corporate Equality Index, the Disability Equality
Index and the Bloomberg Gender-Equality Index. Committed to
providing our employees with flexible work arrangements, we were
named to FlexJobs’ list of the Top 100 Companies to Watch for
Remote Jobs in 2022. With a long and rich legacy of acting
ethically, telling the truth and speaking up for what is right,
Lincoln was recognized as one of Ethisphere’s 2022 World’s Most
Ethical Companies®. Learn more at: www.LincolnFinancial.com. Follow
us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email
alerts at http://newsroom.lfg.com.
LCN-4901961-081522
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Media Erika Powell Erika.Powell@lfg.com
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