July 28, 2016 BY Valentina Kirilova
Broadridge: Retail funds & ETFs increase slightly with IBDs experiencing largest move from active to passive
Independent broker dealers (IBDs) and wirehouse firms experienced net asset outflows of 2% for actively managed mutual funds in the first half of 2016, according to data released by financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) via its Fund Distribution Intelligence. Much of the outflows of actively managed funds from broker dealers appeared to move…
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