In this issue of "Sub-Advisory Quarterly Trends Report," FRC examines
the following trends that are evolving in the sub-advisory business:
Use of external managers in lifecycle funds
Growing number of firms implementing internal sub-advisory models
through the use of best-in-breed management affiliates
Expanding sub-advisory opportunities in the Australian market
We also examine fund filings and mandate changes during the quarter, and provide a statistical review of the top players in the business.