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Judy McKinney
Institutional Consulting Group
mckinney@callan.com

 

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Callan's Institutional Consulting Group (ICG) supports the success of the investment management community by providing market intelligence, portfolio analytics, and ongoing investment industry education to investment manager clients.

The Style, Trend, Analysis & Research (STAR) Report is the industry’s most comprehensive and accurate report on U.S. tax-exempt and mutual fund asset flows. It is a powerful benchmarking tool for institutional investment organizations as they develop business plans and set reasonable asset growth expectations.

Callan’s STAR Report offers a rich context for defining a firm’s investment product positioning and marketing strategy by analyzing asset flows on more than 2,300 tax-exempt separate account and commingled fund products and more than 4,000 institutional and retail mutual fund share classes. The STAR Report provides detailed information on the most successful asset classes, organizations, and products within 26 broad asset class styles by calculating AUM and net asset growth broken out by asset type. In 2015, the total pool of U.S. institutional separate account and commingled assets exceeded $4.5 trillion. Institutional share classes of mutual funds held $4.7 trillion in over 2,000 products and retail share classes of mutual funds held approximately $2.8 trillion in approximately 2,500 products.

To ensure that STAR users are receiving the most meaningful information possible, we actively solicit missing content, then verify (and often correct) data supplied by managers. In addition, Callan periodically adds and removes product categories to reflect evolving supply and demand among institutional investors.

Key findings from the report are discussed by Callan professionals in a Webinar held in March and September of each year. The Webinar sessions provide opportunities for professionals and teams across the client’s organization, including senior management, product development, and sales and consultant relations teams to participate in the discussion and share insights that will help planning for the future.

Learn more about ICG's STAR Report

27

Number of separate-account asset classes covered in STAR

Did you know...

According to the most recent STAR Report, assets continue to flow out of tax-exempt equity and fixed income products. This suggests an evolution in the fixed income structure of institutional investors employing tax-exempt products.

24

Number of mutual fund style groups represented in STAR