Professionally managed assets reached a total of $36.8 trillionin 2013, gaining 10.9 percent over 2012.
That’s according to new research from Cerulli Associates, whichsaid that institutional client assets increased at approximatelythe same rate, at 10.6 percent, as retail assets, at 10.9 percent,in the past year. Institutional client assets actually grew over a10-year period at a higher rate (5.5 percent) than retail assets(4.8 percent).
Cerulli also said that institutional client asset growth hasbeen driven not just by market appreciation but also by growth indefined contribution assets. From 2009 through 2013, DC assets grewat a compound annual growth rate (CAGR), of 11 percent. Inaddition, the opening of newer institutional channels, such asinsurance general accounts, and asset managers’ targeting of majorglobal asset pools, also drove growth.
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