CBRE Group Inc., Dallas, added the American Funds New Perspective Fund to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the active global large-cap growth equity fund managed by Capital Group had $57 million in assets in the plan, according to the company's 11-K filing Wednesday with the SEC.
A comparison of this year's and last year's 11-K filing shows the plan removed an active global large-cap value equity fund managed by Harris Associates from the lineup in 2020.
As of Dec. 31, 2019, the Oakmark Global Investors Fund had $51 million in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the CBRE 401(k) Plan had $2.9 billion in assets, according to the new 11-K filing.
Company spokeswoman Christy Ingle could not be immediately reached for further information.