Executive Insights

Sionline's Executive Insights provide timely and informative commentaries on topics critical to the fund business. Written by Strategic Insight's research team, they draw from our published reports, client work, and observations of recent trends and news in the industry.

Subscribers can select from the latest Insights below or from the list of all Executive Insights.


U.S. Intermediary-Sold Fund Distribution Review Q2'2015      8/6/2015
  This ongoing report series from Strategic Insight provides highlights of mutual fund and ETF distribution trends by channel, based on the intermediary-sold fund distribution data transparency contained in Simfund Pro, 7.0. This data encompasses asset and net flow information (updated monthly) for over $9 trillion of open-end stock and bond mutual fund and ETF assets across over 900 distributors and nine distribution channels.
   
Newly Launched Funds: Advisor Acceptance and Pace of Adoption Across Distribution Channels       7/21/2015
  Shifting demand characteristics and the diversity of product innovation being offered into the marketplace by fund managers have combined to elevate the role that some new funds play in advisors’ portfolio construction. While new funds can present certain distribution challenges, the ability to efficiently gather assets within newly launched strategies is becoming increasingly important for both new and established managers. In this report, Strategic Insight analyzes demand for newly launched mutual funds and ETFs across distribution channels – including the pace of adoption, as well as the types of funds finding success.
   
Product Watch - July 2015      7/9/2015
  This issue of ProductWatch highlights the key themes in product innovation over the past several months, including case studies of unconstrained bond funds, socially conscious funds, and currency hedged ETFs
   
Money Management Financial Comparisons 2014      5/27/2015
  This annually published report provides a summary of the financial results of 21 money managers with publicly held equity. The companies included in our survey managed a total of $10.4 trillion at the end of 2014, an increase of 6% from the $9.9 trillion managed at the end of 2013. Aggregate net income was $10.5 billion in 2014, up from $9.4 billion in the previous year.
   
U.S. Intermediary-Sold Fund Distribution Review Q1'2015      5/12/2015
  This ongoing report series from Strategic Insight provides highlights of mutual fund and ETF distribution trends by channel, based on the intermediary-sold fund distribution data transparency contained in Simfund Pro, 7.0. This data encompasses asset and net flow information (updated monthly) for over $9 trillion of open-end stock and bond mutual fund and ETF assets across over 900 distributors and nine distribution channels. The Q1'2015 report assesses distribution channel size and growth, as well as investor demand trends within both mutual funds and ETFs during the quarter.
   
Product Watch - March 2015      3/31/2015
  The inaugural issue of Product Watch, the flagship report of SI's enhanced product development practice, has been released. Product Watch will provide both a high level overview of product innovation as well as a deeper look within asset classes and at individual funds. By examining highest inflow new funds and categories, most active areas of fund launches, and developments within existing funds and categories, we seek to provide an ongoing update on the rapidly evolving fund landscape.

This first issue of Product Watch highlights the key themes in product innovation over the past year, including case studies of emerging markets equity funds, multi-asset income funds, and short term bond ETFs. Ensuing issues will be published quarterly and examine activity during the most recent preceding months as well as longer term trends in product development.
   
Mutual Funds and Systemic Risk - The Reassuring Lessons from Past Periods of Market Volatility      3/25/2015
  The significant growth of the investment management industry, both in the U.S. and globally, has intensified the discussions of potential for systemic risks to the financial system during future periods of financial duress. Such concerns about systemic risk were put in motion in the 2013 report by the Office of Financial Research ("OFR") of the Department of U.S. Treasury, and have subsequently come under scrutiny by the U.S.'s SEC as well as the International Organization of Securities Commissions ("IOSCO").
   
U.S. Intermediary-Sold Fund Distribution Review 2014      2/17/2015
  This ongoing report series from Strategic Insight provides highlights of mutual fund and ETF distribution trends by channel, based on the intermediary-sold fund distribution data transparency contained in Simfund Pro, 7.0. This data encompasses asset and net flow information (updated monthly) for $8.5 trillion of open-end stock and bond mutual fund and ETF assets across over 900 distributors and nine distribution channels.
   
U.S. Intermediary-Sold Fund Distribution Review Q3'2014      11/7/2014
  This ongoing report series from Strategic Insight provides highlights of mutual fund and ETF distribution trends by channel, based on the intermediary-sold fund distribution data transparency contained in Simfund Pro, 7.0. This data encompasses asset and net flow information (updated monthly) for over $8 trillion of open-end stock and bond mutual fund and ETF assets across over 900 distributors and nine distribution channels. More information on Simfund Pro, 7.0 can be found here.
   
Assessing ETFs' Expanding Footprint Within the Intermediary-Sold Marketplace      9/9/2014
  The expanding acceptance and use of ETFs within the intermediary-sold space reflects an important trend for both ETF sponsors and traditional mutual fund managers. Spurred by a range of factors over the past several years, the increasing side-by-side use of ETFs together with actively managed strategies within the portfolio construction process of a widening base of advisors is playing an important role in ETFs' growing footprint.

In this report, Strategic Insight analyzes ETFs' growing presence within various corners of the intermediary-sold marketplace. We also examine the relationship between active fund and ETF buying patterns across distribution channels.

   
Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2013      9/2/2014
  The report provides contractual management fee breakpoint schedule summary statistics for actively managed open-end mutual funds aggregated into 62 Morningstar Categories. Contractual management fees combine the contractual advisory fee schedule and contractual administrator fee schedule. If a contractual administrator fee schedule is not disclosed, then the actual administrator fee as reported in the most recent audited annual report is substituted into the calculation.
   
Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2013      8/14/2014
  The report provides fee and expense benchmarks for actively managed open-end mutual funds aggregated into 64 Morningstar Categories or Strategic Insight Objectives.
   
U.S. Intermediary-Sold Fund Distribution Review Q2'2014       8/11/2014
  This ongoing report series from Strategic Insight provides highlights of mutual fund and ETF distribution trends by channel, based on the intermediary-sold fund distribution data transparency contained in Simfund Pro, 7.0. This data encompasses asset and net flow information (updated monthly) for roughly $8.3 trillion of open-end stock and bond mutual fund and ETF assets across over 900 distributors and nine distribution channels. More information on Simfund Pro, 7.0 can be found here.
   
Mutual Fund Innovation Watch: July 2014      7/16/2014
  With interest rates still ultra-low and the US undergoing an energy renaissance, investors have been increasingly attracted to investment vehicles that provide diversified and liquid exposure to yield-rich and potentially diversification-enhancing and inflation-hedging energy MLPs, while avoiding the need for K-1 tax reporting. Last year, 1940 Act mutual funds, closed-end funds, ETFs and debt-structure Exchange Traded Notes (ETNs) that focus on energy MLP and related investments recorded an estimated $16 billion in net flows. This edition of Mutual Fund Innovation Watch reviews the growth and product innovation within the Energy MLP-related area and also takes a look at progress within Target-date mutual funds, where net flows totaled $40-50 billion in each calendar year since 2009 and the pace has accelerated recently. In addition, overall first half mutual fund demand trends for the industry are reviewed.
   
Money Management Financial Comparisons 2013      6/18/2014
  This annually published report provides a summary of the financial results of 20 money managers with publicly held equity. The companies included in our survey managed a total of $9.7 trillion at the end of 2013, an increase of 14% from the $8.5 trillion managed at the end of 2012. Aggregate net income was $9.4 trillion in 2013, up substantially from $7.0 billion in the previous year.