Citicorp Investment Services, New York, hired subadvisers for a new family of asset allocation mutual funds to be launched June 17.
Miller Anderson & Sherrerd will run large-cap value stocks; Franklin Advisory Services, small-cap value stocks; Hotchkis and Wiley, international stocks; and Pacific Investment Management, foreign bonds.
Initially three CitiSelect portfolios will be offered conservative, intermediate and aggressive. Each combines stocks, bonds and cash.
The portfolios will be run by Citibank Global Asset Management Institutional, which will rebalance the asset allocations and monitor the subadvisers.