NU Online News Service, July 16, 4:25 p.m. – Mutual funds with subadvisors could hold $683 billion in long-term fund assets, or 12.5% of the total, by 2005, up from 10% in 2001, according to the Financial Research Corp., Boston.

Subadvised funds grew much more quickly than internally managed funds between 1997 and 2001, FRC analysts write in a new report on subadvised funds.

Annual asset growth averaged 19.5% for subadvised funds, compared with 10.8% for internally managed funds, the analysts write.