Take a New Look at MMI Central!

Over the past few months, we have completed a major “refresh” of MMI Central. Our objective was to make the industry’s leading source of data on the managed solutions marketplace an even more valuable resource for members by providing:

• Enhanced data – new data cuts and more charts with longer-term time periods to clearly highlight emerging trends
• Streamlined organization  – key data categories grouped into six color-coded sections for easier navigation
• Improved design – a cleaner overall look, enhanced graphics and new chart types

We invite your comments. Please contact us at 202-822-4949 if you have questions about the Central data or how best to use it.

  MMI Central 2Q 2013 Summary (107.2 KiB)
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  MMI Central 2Q 2013 (1.3 MiB)
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Despite a Tepid Q4, Managed Solutions Industry
Assets Grow to $2.7 Trillion in 2012, a 20% Increase 

S&P 500 Ends Down 0.4%

The managed solutions market ended the quarter with a modest growth rate of 2.7%, but experienced a significant
one-year growth rate of 20.1%, which translates into an increase of $459 billion. The industry hasn’t seen that type of growth since 2010, the same year that it surpassed $2 trillion in assets. The MS market continued to surpass the S&P 500 Index, which was down 0.4% for the quarter and was up 16% for the year.

  MMI Central 1Q13 (1.5 MiB)
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Managed Solutions Market Regains Its Footing in Q3 2012
As Total Assets Increase 7% to $2.7 Trillion

New This Quarter: Exclusive Data Coverage of Model Portfolios in
SMA and UMA Advisory Platforms

The MS market recovered nicely in the third quarter and increased by about $175 billion in assets and was up 7.0% for the quarter. This growth outpaced the S&P 500 Index, which posted a third quarter return of 6.4%. The recent announcements of continuing central bank support and the rolling out of new monetary policies to help alleviate financially stricken countries seemed to be the impetus behind investor confidence. There was a rally in all the major markets.

  MMI Central - 4Q12 (1.5 MiB)
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Market Overview
MS Market Experiences Slight Dip
S&P 500 Loses Momentum

The MS market saw a very slight decrease in assets in the second quarter of about $600 million or 0.02%. The S&P 500 Index tumbled into negative territory as well finishing the quarter down 2.8%. The minor loss in assets may have been insignificant, but the ongoing global and domestic issues that impact many markets are rather significant. Investor confidence that sprung from the rally experienced in the fourth quarter of last year and the first quarter of this year has been shaken.

  MMI Central - 3Q12 (1.4 MiB)
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This is a selection of key data charts from the 3Q12 edition of MMI Central. The full report is expected to be available to MMI members the week of August 20.

Click below to access.

  MMI Central - 3Q12 Initial Data Charts (512.4 KiB)
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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%.

 

  Download the MMI Central - 2Q12 Final Release (1.4 MiB)
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1Q 2012
Market Overview

All segments of the MS market continued to see increased asset levels and growth rates in the first quarter of 2012. The broader equity market rally that kicked off at the end of last year spilled over into the first quarter of 2012, with the S&P 500 Index posting a 12.6% return—its strongest finish since 1998. The robust first quarter environment helped advisory assets grow 9.3%, or $211.5 billion, which was nearly double last quarter’s growth of $105.4 billion in assets.

 

  Download the MMI Central - 2Q12 Early Release (1.2 MiB)
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MS Market Overview
MS Assets Regain
Losses S&P Rallies and Returns 11.8% for the Quarter
The MS market recovered from third quarter losses by increasing advisory assets 4.8% or $105.4 billion in the fourth quarter. This positive growth rate can be attributed to the equity market rally, as the S&P 500 Index posted a fourth quarter return of 11.8%. The uptick in the equity market allowed advisory assets to regain some losses from the previous quarter, finishing the year at $2,279.5 billion in total assets as compared to $2,174.1 billion at the end of third quarter and $2,351.3 billion as of June.

  Download the MMI Central - 1Q12 Final Release (1.3 MiB)
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4Q 2011 Market Statistics

The MS market was able to recover previous losses in the fourth quarter by increasing advisory assets by $99.5 billion or 4.6% from the prior quarter. This positive growth rate can be attributed to the equity market rally, as the S&P 500 Index posted a fourth quarter return of 11.8%. The uptick in the equity market allowed advisory assets to regain most of its losses from the previous quarter, finishing the year at $2.3 trillion in total assets as compared to $2.1 trillion at the end of the third quarter and $2.3 trillion as of June.

Download the full Central

  MMI Central - 1Q12 Early Release (1.2 MiB)
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Market Volatility Continues

In the 3Q 2011 advisory solutions assets contracted by $177b. Assets in advisory solutions declined from  $2.3 trillion to $2.1 trillion. The reduction was largely driven by poor equity market performance. The S&P 500 and the Russell 3000 posted negative numbers for the quarter returning –13.9% and –15.3%. For the S&P 500, it was the worst quarter since 2008. Advisory Solutions were slightly more resilient declining only 7.5% as compared to broader indices.

  MMI Central - 4Q11 Final Release (1.3 MiB)
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