MMI Central – 2Q12 Final Release | The Money Management Institute

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MS Market Overview

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Highlights in the final edition include:

Between the close of 2007 and the end of Q1 2012, Discretionary Financial Advisor asset market share has grown from 12% to 19% while Discretionary Firm asset market share shrank from 49% to 28% during that period.
In that same timeframe, Discretionary Financial Advisor assets more than doubled, increasing from $198 billion to $444 billion.
In the first quarter of 2012, as reported in the early release, advisory solution assets grew to $2.5 trillion – an increase of 9%, or $212 billion, nearly double the increase during the fourth quarter of 2011.
Total Managed Solutions net flows for the first quarter were $52 billion – a marked increase over $26 billion in the final quarter of 2011 – but net flows were down significantly from the $81 billion recorded in Q1 2011.
In 2011, ETF net inflows, according to Morningstar, were $121 billion compared to net inflows of $56 billion for open-end mutual funds, but total long-term mutual fund assets of $7.8 trillion still outstrip ETF assets at $1.1 trillion.
ETF Managed Portfolio strategies – an emerging segment within the overall ETF industry – grew 43% to $27 billion in the 12 months ended in September 2011, according to Morningstar, and there is a clear trend among advisors toward outsourcing these more complex strategies to ETF asset managers.
From Q4 2011 to Q1 2012, according to Morningstar data, the major market segment growth rates were: Money Market Funds, -4%; ETFs, 14%; and Long-Term Mutual Funds, 10%.