| Investor migration to independent advice drives 17% increase in ETFs in 2014; 19% increase in distribution of all passively managed investments. With an eye on key trends that emerged in 2014 including increased interest among investors to move to independent advice models and the growth of passively managed investments, Broadridge Financial Solutions, Inc.released data revealing trends in distribution of long-term mutual funds and ETFs among retail and institutional channels.
“ETF assets across all channels increased by 17 percent reaching $2.08 trillion in 2014. Overall fund and ETF assets under management increased by 12 percent in 2014 and we saw independent broker-dealers and registered investment advisors continue to outpace wirehouses – a trend that we expect to continue in 2015,” said Frank Polefrone, Senior Vice President, Access Data, a Broadridge company...............................................Full Article: Source
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