ETFs Outgrew Mutual Funds in Retail Channels for the First Time in Q1, According to Broadridge
Total ETF assets sold through retail and institutional investment channels increased 21 percent over the first quarter of last year, or
"ETFs are gaining ground among retail distributors driven by a few key factors, namely their low cost structure, but also the fact that ETFs are used in asset allocation models, which are more prevalent among retail advisors," said
Registered investment advisors (RIAs) continued to be the leading distributors of ETFs in the first quarter of 2015, representing
Mutual Fund Assets Grew Nearly 10 Percent, Led by Institutional Channels
Mutual fund assets grew 9.5 percent or
"The fact that mutual fund assets have grown more rapidly in the institutional channels versus retail channels over the past year is a new development," added
Additional findings:
- Overall, long-term mutual fund and ETF assets under management from third party distribution channels increased to
$9.8 trillion in the first quarter of 2015 -- up almost 12 percent since the first quarter of 2014. - In the past year, ETF assets distributed in retail channels increased at more than twice the rate of ETF assets in institutional channels (
$267 billion and$112 billion , respectively). - Banks showed the highest year-over-year increase in mutual fund assets under management on a percentage basis, rising 23 percent, or
$147 billion .
"Our data not only provides insight into emerging distribution channels that present growth opportunities, but also gives fund firms visibility into their own market share," said
Broadridge's Fund Distribution Intelligence tool comprises the most complete sales and asset data collection in the industry, creating transparency into more than
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