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Property in mannequin portfolios possible reached $5.1 trillion on the finish of 2023 as monetary advisers more and more embrace these off-the-shelf funding methods, in response to Broadridge Monetary Options.
The monetary know-how firm expects such portfolios — created by asset managers and funding platforms by bundling funds into ready-made packages for advisers — to develop to $11.3 trillion by the top of 2028.
That’s extra bullish than the projections by BlackRock Inc., which anticipates the area of interest will change into a $10-trillion enterprise by that yr.
Trade-traded funds are seen as a key driver of that progress, in response to Broadridge’s Andrew Guillette.
ETFs comprised 51% of mannequin property on the finish of 2023, fueled by an annual progress charge that was practically twice that of mutual funds.
![Model Portfolios | Assets in such portfolios reached $5.1 trillion at the end of last year](https://images.thinkadvisor.com/contrib/content/uploads/sites/415/2024/03/409000389.jpg)
For ETF issuers, mannequin portfolios are a approach to drum up flows into their merchandise as competitors within the business intensifies, with corporations corresponding to State Road International Advisors trying to carve out a bigger slice of a rising pie that’s thus far dominated by the likes of BlackRock.
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