LAKE SUCCESS, N.Y.,
July 29, 2015 /PRNewswire/
-- Retail channels continued to drive exchange-traded fund
(ETF) growth through the second quarter of 2015, increasing assets
in absolute dollars by $265 billion
over the past year, and outpacing the $200
billion in long-term mutual fund (LTMF) assets distributed
by retail channels, according to data released today by Broadridge
Financial Solutions, Inc., (NYSE:BR) via its Fund Distribution
Intelligence tool.
More than 87 percent of ETF asset growth in the year ending
June 30, 2015 was generated from
retail distribution channels, which was led by registered
investment advisors (RIAs) with total ETF assets of $496 billion – a $78
billion increase compared to the same period last year. The
wirehouse channel moved into second place behind RIAs with total
ETF assets of $397 billion, and a
$70 billion increase over last
year.
"The retail channels drove the growth of ETF assets with a 20
percent increase over last year ending June
30, and almost all of the increase came from retail channels
– RIAs, independent broker-dealers, wirehouses and discount
broker-dealers," said Frank
Polefrone, senior vice president of Broadridge's Access Data
product suite. "Retail channels' dominance for ETF asset growth was
even more pronounced on a year-over-year basis, with all of the
$116 billion of increased ETF assets
coming from retail distribution channels."
The largest holders of ETFs are RIAs with $500 billion of ETF assets. The growth of ETFs in
the RIA channel continues to outpace all other distribution
channels, and the product-type driving this growth over the past
year was equity products, representing 88 percent of the net
increase in ETF assets. Fixed income ETFs represented 15 percent of
the overall net increase during the same period, while commodity
ETF assets showed a 4 percent net decline in assets over the same
period. Other categories, to include liquid alternatives and
allocation funds showed essentially no change in overall assets
within the RIA channel over the past year.
Additional findings in the second quarter of 2015:
- Total assets under management increased 14 percent for ETFs and
6 percent for LTMFs during the year ending June 30, 2015.
- The RIA channel outpaced all other channels for combined ETF
and LTMF asset growth during this period.
- The combined ETF and LTMF increase of $208 billion was more than one and a half times
other retail channels.
- The LTMF increase of $130 billion
in RIAs far outpaced all other channels, and was two times that of
other retail channels.
- Almost all the combined LTMF and ETF asset increase for the
wirehouse channel came from ETFs during the year ending
June 30, 2015
- ETF assets were up $70 billion,
or 21 percent
- LTMF assets were up only $6
billion, one-half of 1 percent.
- ETFs increasingly represent a larger portion of retail
advisors' overall investment dollars.
- In June of 2014, ETF retail channels represented 60 percent of
overall ETF assets.
- In June of 2015, retail channels increased to 63 percent of
overall ETF assets.
Broadridge's Fund Distribution Intelligence tool comprises the
most complete sales and asset data collection in the industry,
creating transparency into more than $9
trillion of long-term mutual fund and ETF assets across 900+
distributors.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading
provider of investor communications and technology-driven solutions
for broker-dealers, banks, mutual funds and corporate issuers
globally. Broadridge's investor communications, securities
processing and business process outsourcing solutions help clients
reduce their capital investments in operations infrastructure,
allowing them to increase their focus on core business
activities. With over 50 years of experience, Broadridge's
infrastructure underpins proxy voting services for over 90% of
public companies and mutual funds in North America, and processes more than
$5 trillion in fixed income and
equity trades per day. Broadridge employs approximately 6,700
full-time associates in 14 countries.
For more information about Broadridge, please visit
www.broadridge.com.
Media
Contacts:
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|
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For Access
Data
|
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Linda
Namias
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Danielle
Pieri
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Broadridge Financial
Solutions
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Brainerd
Communicators, Inc.
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+1
631-254-7711
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+1
212-986-6667
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linda.namias@broadridge.com
|
pieri@braincomm.com
|
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SOURCE Broadridge Financial Solutions, Inc.