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.


Subadvisory Quarterly Overview, 2Q 2017      8/25/2017
  Mandate change activity in the 2Q'17 totaled $20 billion across unaffiliated subadvisers. This was consistent with the level of activity in the first quarter. Most of the activity concerned open-end fund mandate changes, which totaled $12 billion. There were about $7 billion in variable annuity (VA) mandate changes.
   
Subadvisory Quarterly Highlights, 2Q 2017      7/3/2017
  Mandate change activity in the first quarter of 2017 totaled $20.0 billion across both affiliated and unaffiliated subadvisers. This represents a slow-down in activity after a very active year in 2016. Most of the activity concerned open-end fund mandate changes, which totaled $16.1 billion. There were $3.9 billion in variable annuity (VA) mandate changes.
   
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.