Sub-Advised Quarterly Highlights

The Quarterly Sub-Advisory Insight Report presents timely perspectives and analyses of key aspects of the sub-advisory marketplace. The articles cover trends and the latest developments in the industry.


Subadvised Quarterly Highlights, 1Q 2017       4/12/2017
  Mandate change activity in the fourth quarter of 2016 totaled $44.4 billion across both affiliated and unaffiliated subadvisers. This was in line with $47.2 billion in the previous quarter. Most of the activity continues to be with open-end fund mandate changes, which totaled $28.5 billion. There were $15.9 billion in variable annuity (VA) mandate changes.
   
Subadvised Quarterly Highlights, 4Q 2016      12/27/2016
  Mandate change activity in the third quarter of 2016 totaled $47.2 billion across both affiliated and unaffiliated subadvisers. This was lower than the $74.2 billion in the previous quarter, but is a relatively high amount of quarterly activity. Open-end fund mandate changes totaled $30.9 billion, while there were $16.3 billion in variable annuity (VA) mandate changes.
   
Subadvised Quarterly Highlights, 3Q 2016      10/12/2016
  Mandate change activity in the second quarter of 2016 totaled $74.2 billion across both affiliated and unaffiliated subadvisers. This was a significant increase from $25.7 billion in the previous quarter. Open-end fund mandate changes totaled $47.5 billion, while there were $26.7 billion in variable annuity mandate changes.
   
Sub-Advised Quarterly Highlights, 2Q 2016       6/7/2016
  Mandate change activity in the first quarter of 2016 totaled $25.7 billion across both affiliated and unaffiliated subadvisers. This was a slight decrease from $27.1 billion in the previous quarter. Open-end fund mandate changes totaled $19.4 billion, while there were $6.3 billion in variable annuity mandate changes.
   
Sub-Advised Quarterly Highlights, 1Q 2016      5/19/2016
  After an unusually active third quarter, mandate activity returned to more moderate levels in the fourth quarter of 2015 totaling $27.1 billion. Although that number was lower compared to $53.4 billion in the previous quarter, it was in line with the $29.5 billion from Q4 2014. Open-end fund mandate changes totaled $12.8 billion, while there were $14.3 billion in variable annuity mandate changes.