Managed account assets dropped 7% this year
Managed accounts industry assets fell by 7% during the first three months of the year to $1.2 trillion, according to the Money Management Institute in Washington.
Managed accounts industry assets fell by 7% during the first three months of the year to $1.2 trillion, according to the Money Management Institute in Washington.
Of the $87 billion decline in assets, $24.8 billion was attributed to investment redemptions, the lion’s share of which came out
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