Market volatility? What market volatility? Demand for sub-advised mutual funds is expected to improve and assets are forecast to reach $2.2 trillion by 2016, according to new data released by Financial Research Corporation.

"We believe asset levels overall will grow, but the market has matured, so growth will keep pace with the broader mutual fund market -- but not take more share," said Lynette DeWitt, director of sub-advisory research, at FRC's 12th annual Sub-Advised Funds Forum in New York yesterday. "Our industry projections retain a 14 percent ratio of sub-advised assets to total mutual fund assets." 

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