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Mutual funds

Third party long-term mutual fund and ETF assets up more than 23 per cent


Third party distribution of long-term mutual fund assets totalled USD7.86trn in the second quarter of 2013, up more than 23 per cent from the second quarter of 2012, according to data released by Access Data, a Broadridge Financial Solutions company.  

The independent broker dealer (IBD) channel continued to grow in absolute dollars, accounting for the most mutual fund and ETF assets on the books of third party distributors with USD1.82bn in the second quarter of 2013 compared to USD1.47bn in the second quarter of 2012.
Registered investment advisors (RIA) ranked second, accounting for nearly USD1.50bn, followed by wirehouses, which represented USD1.46bn in the second quarter of 2013.
However, looking at the data on a percentage basis, the discount channel experienced the largest growth year-to-date compared to 2012, with a 27 per cent increase.
On a quarterly basis, the private bank channel experienced the largest percentage increase from the second quarter of 2012 with a nearly 37 per cent increase.
"While IBDs and RIAs continue to serve as key distributors of long-term mutual funds and ETFs – a trend that began over the last couple of years – private banks are emerging as important growth channels," says Frank Polefrone, senior vice president, Access Data.
Access Data tracks more than 90 per cent of long-term mutual fund and ETF asset positions and net flows, providing fund firms with a complete industry view. Access Data’s Market Intelligence offering calculates a fund’s market share by channel, intermediary and product, performs peer group comparisons and analysis by Morningstar category, and estimates market penetration across multiple data sets, all the way down to the firm and office location.
Broadridge recently launched a new online tool displaying views into long-term mutual fund and ETF sales and asset data, Fund Distribution Intelligence. This resource offers monthly, quarterly, annual and total market assets under management by channel, providing insight into the distribution of more than USD7trn mutual fund and ETF assets across 900+ distributors. It can be accessed at

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