Large-cap and mid-cap value strategies outpaced 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.

Sponsors that participated in the study were wire houses, regional brokers/dealers and other parties that offer SMA platforms.

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 to its conclusion.

Large-cap value accounts did better, as their assets grew by 21.7%. According to the Institute, 25.1% of accounts are large-cap. Mid-cap core, growth and value assets grew 9.3% within the same timeframe. According to the Institute, 10% of accounts can fall under mid-cap core, growth and value.

Chris Consentino, a spokesman fir MMI said the Institute is working on providing data on a timely basis, but the first report included a lag so sponsors could get comfortable with public release of data.

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