05.30.23
Managers Choosing ETFs, SMAs Over Mutual Funds, Cerulli Says
by: Edward Hayes
Asset managers are turning their attention away from mutual funds toward products including exchange-traded funds and separately managed accounts, according to Cerulli Associates. The research firm found that 69% of 100 surveyed asset managers listed their top priority as building out new vehicles. Another 62% said that building out or delivering illiquid alternative capabilities is their highest priority, while 46% said their top priority is building or delivering customization at scale.
Read the full article on Financial Advisor