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Monday, November 01, 2010|
The WSJ Demystifies UMAs
Unified managed accounts are picking up steam among investors, according to the Wall Street Journal. UMAs reportedly held some $79.6 billion in assets as of midyear, according to research firm Cerulli Associates, compared with $543.1 billion in mutual-fund advisory accounts and $536.1 billion in separately managed accounts.
But assets in UMAs have jumped some 65 percent over the two years through June, compared to mutual-funds, which grew 3 percent, and assets in separately managed accounts (down 25 percent).
Fees for UMAs range from 1.5 percent to three percent of assets under management but they're negotiable.
Fundsters holding primarily stocks and bonds in a UMA can have tax advantages compared with investing directly in funds, and there's greater ability to control the timing of capital gains and losses.
Michael Abelson, senior vice president of investments for
Fundsters interested in reading more about UMAs may want to check out the rest of the article.
Printed from: MFWire.com/story.asp?s=33881
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