Ericsson Inc., Plano, Texas, added the Driehaus Emerging Markets Growth Collective Investment Trust to the investment options lineup of its 401(k) plan.
The company added the active domestic emerging markets growth equity CIT managed by Driehaus Capital Management during 2022, according to a comparison of its June 27 11-K filing and last year's filing.
As of Dec. 31, the Driehaus CIT had $18 million in assets in the plan, according to the new 11-K filing.
The comparison also shows the company removed the Invesco Developing Markets Fund from the lineup in 2022.
As of Dec. 31, 2021, the active emerging markets equity fund managed by Invesco had $28 million in assets in the plan, according to last year's filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the Ericsson 401(k) Plan had $3.2 billion in assets, according to the new 11-K filing.
Company spokesman Jimmy Duvall declined to provide further information.