Investors shifted towards passive U.S. equities this year, but the commitment to active in other categories remains strong.  

Asset allocation targets are expected to shift away from equities and towards fixed income and alternatives over the next three years.

Demand for global equity is expected to be strong next year along with U.S. equity and emerging markets.

While funding levels remain the key issue, risk management increased in importance across both corporate and public funds.  

New manager hiring is expected to remain robust in 2015.

DB plans dominate both corporate and public plans, but DC plans are anticipated to make inroads with corporate plans over the next 10 years.

Allocations to Canadian equity continued their decline while international equity and hedge fund allocations increased modestly.

While total notional volumes in U.S. retail structured products remained relatively flat, only declining about 3% from 2013 to 2014, volumes among third-party distributors jumped over 50%. Retail remains by far the largest channel for retail...

The commission pool for European equities remains challenged while electronic trading continues to grow.

While U.S. equity derivatives clients direct more flow electronically, the market lags the broader derivatives market.