June 06, 2012
--- Total 529 college savings plan assets were an
estimated $158.3 billion in Q1 2012, according to data from Financial Research
Corporation (FRC), a division of Strategic Insight. ---
This is a 9.6% increase from Q4 2011
assets of $144.4 billion, and an 8.1% increase from Q1 2011 assets of $146.4
billion.`
Compared with other products,
long-term mutual fund and exchange-traded fund (ETF) assets (excluding
fund-of-fund affiliated) increased 10.6% over the past quarter, from $8.9
trillion, to $9.8 trillion, and increased 4.9% over the past year, from $9.4 billion.
Estimated 529 net inflows were $2.9 billion in Q1 2012 compared to inflows of
$2.4 billion in Q4 2011 and inflows of $3.3 billion in Q1 2011.
The top five 529 plans by Q4 2011
assets, FRC data found, were CollegeAmerica –Virginia ($33 billion), NY College
Savings - Direct -New York ($11 billion), CollegeBoundfund -Rhode Island
($8 billion), UNIQUE College Investing Plan -New Hampshire ($7 billion), The
Vanguard 529 Savings Plan -Nevada ($7 billion), Next Gen -Advisor -Maine ($6
billion), Utah Ed Savings Plan Trust (UESP) -Utah ($5 billion) , ScholarShare
College Savings Plan -California ($4 billion) , BlackRock College Advantage
-Ohio ($4 billion) and U.Fund College Investing Plan - Massachusetts ($4
billion).
The top five 529 plan program
managers by Q1 2012 assets were American Funds ($33 billion), Upromise
Investments ($32 billion), TIAA-CREF ($13 billion), Fidelity ($12 billion) and
AllianceBernstein ($8 billion).
More information is available here.
Jay Polansky