Report
Fund Distribution Intelligence
Gain unique insights into long-term mutual fund and ETF distribution trends by channel.
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Fund Distribution Intelligence
Unique insights into long-term mutual fund and ETF distribution trends by channel.
Trust assets include both personal trust and some retirement business where the trust company is trustee.
Data Source: Access Data, a Broadridge Company
Latest Distribution Insights
The following commentary reflects highlights from Fund Distribution Intelligence.
In the first quarter of 2016, across all third party distribution channels, ETF assets grew to $2.3 trillion, but net new assets decreased by $15 billion. The trends over the past several quarters have continued – including the increased use of ETFs and passive investment products and the growth in the independent advisor channels. Now with insight and data on net new flows, we see the shift is even more pronounced in volatile times.
Independent broker dealers (IBDs) and registered investment advisors (RIAs) continued to shift to passive investment products, increasing ETF net new assets by more than $12B. IBDs had the largest increase in ETF net new assets, investing more than $11 billion in ETFs at the end of the first quarter. The trust company, discount, and RIA channels also increased ETF net new assets by $5 billion, $4 billion, and $1 billion, respectively. Wirehouses pulled the most money out of ETFs, decreasing by $13.1 billion in the first quarter. Private bank and bank also decreased ETF net new assets by $12 billion and $11 billion, respectively.
Long Term Funds increased by $70 billion, or 1%, to $7.3 trillion in assets during the first quarter of 2016. Total assets increased to $7.3 trillion in the first quarter, but net new assets decreased by $11 billion, compared to the prior quarter. Discount, private bank and trust company were the only channels that increased fund net new assets. The IBD channel saw the biggest decline in funds, decreasing by nearly $37 billion in net new assets in the first quarter.
ETF,2012,12,258,261,240,246,193,123,64
ETF,2013,3,278,302,273,306,206,133,78
ETF,2013,4,277,308,271,314,212,136,79
ETF,2013,5,283,314,274,313,213,139,82
ETF,2013,6,268,301,261,296,214,124,79
ETF,2013,7,281,321,273,321,220,140,84
ETF,2013,8,280,315,273,309,213,139,87
ETF,2013,9,282,327,281,327,230,144,87
ETF,2013,10,298,340,291,346,239,155,92
ETF,2013,11,304,346,300,342,241,156,94
ETF,2013,12,305,347,305,324,246,153,96
ETF,2014,1,304,342,298,312,232,142,92
ETF,2014,2,318,362,308,329,241,145,98
ETF,2014,3,309,375,311,327,246,144,100
ETF,2014,4,323,371,312,337,250,146,102
ETF,2014,5,323,383,320,345,256,147,104
ETF,2014,6,329,418,327,361,251,160,89
ETF,2014,7,341,389,325,358,260,164,110
ETF,2014,8,356,397,337,373,271,158,113
ETF,2014,9,336,419,329,357,256,160,88
ETF,2014,10,360,396,340,368,277,159,114
ETF,2014,11,370,409,356,392,280,147,118
ETF,2014,12,380,413,362,384,274,150,120
ETF,2015,1,376,444,360,382,269,141,97
ETF,2015,2,396,466,381,403,273,154,103
ETF,2015,3,388,484,385,397,277,155,105
ETF,2015,4,399,499,392,404,281,151,108
ETF,2015,5,402,502,400,402,281,154,110
ETF,2015,6,391,496,397,381,277,149,109
ETF,2015,9,377,465,374,364,264,139,106
ETF,2015,12,398,500,407,370,269,153,115
ETF,2016,3,414,578,403,313,267,162,119
ETF,2016,6,450,599,418,299,271,168,128
ETF,2016,9,480,643,437,299,279,176,134
ETF,2016,12,514,693,479,323,304,187,144
MF,2012,12,1401,1118,1075,768,513,572,81
MF,2013,3,1537,1243,1198,856,544,648,102
MF,2013,4,1574,1267,1220,866,560,668,114
MF,2013,5,1448,1263,1232,863,567,677,116
MF,2013,6,1553,1198,1197,942,552,658,115
MF,2013,7,1611,1242,1228,906,573,687,121
MF,2013,8,1604,1203,1204,868,600,721,129
MF,2013,9,1653,1248,1240,932,584,702,143
MF,2013,10,1706,1251,1269,948,607,725,150
MF,2013,11,1728,1269,1279,963,612,737,154
MF,2013,12,1734,1254,1236,988,609,743,158
MF,2014,1,1728,1244,1219,979,602,734,158
MF,2014,2,1805,1280,1262,1011,626,763,169
MF,2014,3,1617,1489,1268,1023,631,769,173
MF,2014,4,1810,1314,1276,1027,635,772,176
MF,2014,5,1839,1348,1298,1056,646,787,183
MF,2014,6,1710,1489,1312,1093,668,821,125
MF,2014,7,1870,1367,1305,1074,659,800,194
MF,2014,8,1955,1369,1332,1115,674,826,205
MF,2014,9,1744,1495,1316,1088,663,830,135
MF,2014,10,1935,1307,1321,1102,667,851,197
MF,2014,11,1976,1346,1345,1119,668,872,213
MF,2014,12,1947,1328,1318,1109,662,870,219
MF,2015,1,1865,1409,1301,1113,746,875,148
MF,2015,2,1912,1457,1340,1160,739,904,110
MF,2015,3,1761,1598,1329,1153,778,902,114
MF,2015,4,1786,1640,1340,1166,753,912,121
MF,2015,5,1798,1656,1342,1173,773,916,126
MF,2015,6,1771,1619,1318,1146,760,897,128
MF,2015,9,1687,1524,1230,1074,707,843,134
MF,2015,12,1712,1536,1215,1070,714,868,171
MF,2016,3,1683,1587,1202,1076,727,852,203
MF,2016,6,1726,1577,1222,1076,684,910,246
MF,2016,9,1793,1646,1245,1121,771,952,286
MF,2016,12,1775,1637,1218,1105,775,975,309
