Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SMA Accounts to Grow Six-fold by 2011 Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 31, 2003

SMA Accounts to Grow Six-fold by 2011

by: Ki Kim

The separately managed account (SMA) industry will grow to 12.5 million accounts for $2.1 trillion in assets by 2011, according to a new forecast released this afternoon at the 2003 Annual Meeting of The Money Management Institute (MMI), the national organization for the SMA industry.

The MMI and Financial Research Corporation (FRC) also project that the SMA industry, which totaled approximately 2.04 million accounts and $398 billion in assets at year-end 2002, will grow to 5.3 million accounts and $930 billion in assets by 2006. The forecast was presented at the meeting by T. Neil Bathon, president of FRC.

MMI and FRC developed the projection through analysis of account trend information provided by the MMI membership.

"Projected growth in total SMA industry accounts offers an unmistakable measure of likely, continuing investor demand for this investment approach," said Christopher L. Davis, executive director of the MMI. "Our asset base has proven remarkably steady even in the midst of extreme market turmoil, further indicating that our investors have embraced the SMA concept as an optimal long term investment management approach."

The MMI/FRC study indicates that SMA industry year-over-year net sales of SMAs increased by 181 percent in 2002, totaling about $50 billion compared with some $18 billion in 2001. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use