LAKE SUCCESS, N.Y.,
Feb. 29, 2016 /PRNewswire/
-- Global fund net sales growth in 2015 was driven by European
markets, according to data released today by Broadridge Financial
Solutions, Inc. (NYSE:BR) via its Global Fund Intelligence.
Long-term fund net sales in Europe
lead all regions around the globe with fund net sales (excluding
money funds) of €285bn in 2015, followed by Asia with net sales of €215bn. Net sales in
North America trailed with net new
sales of slightly more than €70bn.
According to Broadridge's Global Fund Intelligence findings,
passive investing increased from four percent of total global
assets as of June 30, 2013 to 14
percent by December 31, 2015. During
this period, ETFs increased from one percent of global fund assets
to six percent, and index tracking funds increased from three to
eight percent of total global fund sales. The gains in market
share for passive investing were driven by investments into equity
funds, where half of all sales went into ETFs and an additional 28
percent in index trackers.
"Global asset managers dealt with several key market forces
during 2015, including investors' growing use of ETFs, increased
regulatory scrutiny driving fee compression, and the emergence of
new forms of distribution such as online platforms and
robo-advisors," said Frank
Polefrone, senior vice president of Broadridge's data and
analytics business. "We expect these market forces to continue to
drive global sales in 2016, as ETF and passive product use by
individual investors and financial advisors continue to
accelerate," added Mr. Polefrone.
Net sales for Europe were split
between domestically registered funds and cross-border funds. The
leading country in fund net sales for Europe was Italy, which experienced equal net sales of
domestic and cross-border funds. Net sales in Germany were second in Europe with the majority of net sales coming
from domestic funds. Spain
had the third largest net sales in Europe, with the overwhelming majority of net
sales coming from cross-border funds.
"For most European investors the darling of the year was mixed
asset funds, which attracted a record €189bn," said Diana Mackay, CEO of MackayWilliams, the leading
market analysis and research firm for the domestic, pan-European
and cross-border fund markets. "Mixed assets have become the go-to
option for investors buffeted by contradictory and fast-changing
market winds, and for those looking for diluted access to
equities," added Ms. Mackay.
The top product themes for long-term net sales in Europe for 2015 include:
- Asset Allocation funds with €54bn.
- Asset Allocation Alternative funds with €49bn.
- Equities Europe funds with
€37bn.
- Fund of Funds – Conservative funds with €31bn.
- Mixed Assets - Conservative funds with €29bn.
Starting in 2016, Broadridge has expanded its Fund Distribution
Intelligence tool beyond the United
States to provide clients with a broader view of fund and
ETFs across the globe. Broadridge's Global Fund Intelligence
comprises data from its FundFile product, a leading source of sales
and asset data in the industry, providing market data for more than
80,000 global funds and ETFs, including 11,000 cross-border funds.
Information related to cross-border fund sales is gathered from
Broadridge's SalesWatch product.
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 managed services 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 percent of public companies and mutual
funds in North America, and
processes on average $5 trillion in
fixed income and equity trades per day. Broadridge employs
approximately 7,400 full-time associates in 14 countries. For more
information about Broadridge, please visit www.broadridge.com.
About MackayWilliams, LLP
MackayWilliams, LLP is a London-based mutual fund market analysis and
research company specializing in all aspects of fund distribution
in the domestic, pan-European and cross-border fund markets. With
over 25 years' experience of tracking mutual fund trends in this
complex geographical arena, MackayWilliams also originates unique
distributor research based on annual interviews with 1,000 key fund
selectors via its Berlin-based
subsidiary, Fund Buyer Focus.
Media
Contacts:
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|
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Linda
Namias
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Maggie
Nolan
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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
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nolan@braincomm.com
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SOURCE Broadridge Financial Solutions, Inc.