ETF Assets Reached $2.08 Trillion in 2014, Led by Independent Advisors and Private Banks, According to Broadridge Data
"ETF assets across all channels increased by 17 percent reaching
Total third party distribution of long-term mutual fund and ETF assets increased to
Broadridge's analysis also reveals a 19 percent growth of passive products across third party distribution channels compared to 12 percent growth of actively managed products. "The increased usage of passive products by financial intermediaries differs based on the type of firm. RIAs have a higher usage of ETFs and index mutual funds, while traditional broker dealers' usage of passive products has not changed to any great degree," added Polefrone.
The passive/actively managed mix among third party distributors increased from 27/73 percent at the end of 2013 to 29/71 percent by the end of the 2014. The largest users of passive products within the retail channels were RIAs, which saw an increase in usage from 31 to 34 percent in 2014 compared to 2013. Further to that point, RIAs had the most ETF assets under management of all the channels with 20 percent of total ETF assets. Comparatively, the IBD channel was essentially unchanged in its usage of passive products with a passive/managed mix of 17/83 percent in 2014. On the institutional side, the largest user of passive products was Private Banks, which increased usage to 45 percent in 2014 from 44 percent in 2013.
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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