There’s still a big difference in investment vehicles for big and small defined contribution plans. Mutual funds still have the largest share with 43% of all assets, down slightly from 46.2% in 2011. Separate accounts and commingled investment trusts have only garnered slightly more market share.
For the largest U.S. defined contribution plans, there’s been a significant shift out of mutual funds. CITs have almost doubled to 44.7% since 2011, while mutual funds account for just 13.4% of plan assets.
Exchange-traded funds are not popular with either small or large defined contribution plans, garnering almost zero assets.
Defined contribution plan sponsor and money manager data are both part of the P&I Pro subscription.
