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Large-, Mid-Cap Value Separate Account Standouts


Large-cap and mid-cap value strategies were the top performers among separately managed accounts during the first quarter of 2005, according to newly released data from the Money Management Institute, Financial Research Corp. and Dover Financial Research.

The study concluded that as of the end of the first quarter of 2005, there were 2.1 million SMA accounts, which is a 10% increase from the beginning of the quarter. Large-cap value accounts outpaced this growth, as their assets grew by 21.7%. According to the MMI, 25.1% of accounts are large-cap. Mid-cap core, growth and value assets grew 9.3% within the same timeframe. According to the MMI, 10% of accounts can fall under mid-cap core, growth and value.

Chris Consentino, a spokesman for the MMI, said the Institute is working on providing data on a timely basis, but the first report included a lag to enable sponsors to become comfortable with the public release of data.

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