The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Which Fund Firm Won 2015? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 19, 2016

Which Fund Firm Won 2015?

Reported by Neil Anderson, Managing Editor

Though WisdomTree [profile] had a great 2015, its December was anything but. And Vanguard [profile] and BlackRock [profile] continued to dominate, for both last month and last year.

Frederick McNabb III
The Vanguard Group, Inc.
Chief Executive Officer, Chairman, President
On Friday Morningstar markets research senior analyst Alina Lamy issued the Chicago-based mutual fund watcher's latest estimated U.S. mutual fund asset flows report, covering both December 2015 and the full year.

In absolute dollars, Vanguard came out on top with a whopping $230.396 billion in net open-end mutual fund and ETF inflows for 2015. The other top five winners for 2015 were: BlackRock ($108.02 billion), DFA [profile] ($21.583 billion), TCW's [profile] MetWest ($18.739 billion), and WisdomTree ($16.837 billion).

In percentage terms, WisdomTree had the best inflows of the big fund firms, bringing in inflows for 2015 that amounted to 32.4 percent of its $52 billion in AUM (as of December 31, 2015). The other big winners in percentage terms were: TCW (24 percent, $78 billion in AUM), DoubleLine [profile] (22.6 percent, $62 billion in AUM), BlackRock (10.3 percent, $1.044 trillion in AUM), and DFA (8.4 percent, $257 billion in AUM).

Allianz's Pimco [profile] suffered more outflows, $87.418 billion, than any other fund firm in 2015. The other big bleeders for the year included: Franklin Templeton [profile] ($30.7 billion), SSgA [profile] ($23.948 billion), Columbia Threadneedle [profile] ($13.6 billion), and OppenheimerFunds [profile] ($12.92 billion).

The biggest sufferers in 2015 on a percentage basis were: Pimco (29.3 percent, compared to $298 billion in AUM on December 31, 2015), Waddell & Reed's Ivy Funds [profile] (20.1 percent, $52 billion in AUM), New York Life's MainStay [profile] (18.2 percent, $62 billion in AUM), GMO [profile] (12.4 percent, $65 billion in AUM), and Goldman Sachs [profile] (10.3 percent, $87 billion in AUM).

Yet December looked a bit different than the overall year. Vanguard ($23.848 billion in net inflows for the month) and BlackRock ($16.892 billion) still came out on top, but different names rounded out the top five for the last month of 2015: SSgA ($7.893 billion in December 2015 inflows), John Hancock [profile] ($2.224 billion), and TIAA-CREF [profile] ($1.734 billion, including Nuveen [profile]).

In percentage terms, Hancock crushed it in December, bringing in net inflows amounting to 1.81 percent of its $123 billion in AUM as of December 31, 2015. The other big percentage winners were: DoubleLine (1.67 percent, $62 billion in December 31, 2015 AUM), BlackRock (1.62 percent, $1.044 trillion in AUM), Charles Schwab [profile] (1.22 percent, $57 billion in AUM), and TIAA-CREF (1.16 percent, $149 billion in AUM).

On the outflows side, Pimco still bled the most for the month, $9.312 billion. (Pimco previously told reporters that its flagship Total Return Fund swung to net inflows last month, though the publications note that that depends on counting reinvested capital gains and dividends as net inflows.) The other big sufferers in December were: Franklin ($5.952B), WisdomTree ($3.152B), Capital Group's American Funds [profile] ($2.898 billion), and Dodge & Cox [profile] ($2.52 billion).

Though WisdomTree came out on top proportionately for the full year, in December it suffered the most, with outflows amounting to 6.06 percent of its $52 billion in AUM on December 31, 2015. The other top outflow sufferers last month, percentage-wise, were Ivy (3.7 percent, $52 billion in December 31, 2015 AUM), Pimco (3.15 percent, $296 billion in AUM), MainStay (2.81 percent, $62 billion in AUM), and BNY Mellon's Dreyfus [profile] (2.48 percent, $56 billion in AUM).

Overall active, long-term, open-end mutual funds and ETFs suffered $206.681 billion in net outflows in 2015. Passive funds brought in $412.822 billion in net inflows for the year, and money market funds brought in $43.453 billion in net inflows.

Active U.S. equity funds got hit the hardest last year overall, suffering $169.053 million in net outflows for 2015. Active funds that specialize in taxable bonds ($71.148 billion), asset allocation ($24.257 billion), and commodities ($2.09 billion) all suffered net outflows last year. On the flip side, net inflows went into active international equity ($28.53 billion), muni bond ($16.02 billion), alternative ($9.727 billion), and sector equity ($5.589 billion).

In December alone, active long-term, open-end mutual funds and ETFs suffered $66.875 billion in net outflows. Passive funds brought in $51.345 billion in net inflows for the month, while money market funds brought in $38.55 billion net.

Active, taxable bond funds suffered the biggest net outflows last month, $35.091 billion in total. Among active long-term funds, the only category net inflows in December was muni bond funds ($5.79 billion). December outflows for other active fund categories came in at: $14.426 billion for U.S. equity, $10.683 billion for international equity, $9.85 billion for allocation, $1.727 billion for sector equity, $513 million for commodities, and $375 million for alternative. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Irish Funds Annual Global Funds Conference 2022, May 30-31
  2. WealthManagement Edge, May 31 - June 3
  3. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  4. 28th annual Expect Miracles East Coast Classic, June 9
  5. 2022 Sohn Investment Conference, June 9
  6. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  7. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  8. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  9. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  10. 2022 MMI Emerging Asset Managers Forum, June 23
  11. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  12. Financial Planning INVEST, Jun 28-29
  13. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  14. MFDF Director Discussion Series - Open Forum (New York), July 20
  15. 2022 MMI Distribution Leadership Forum, Jul 20-21
  16. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  17. MFDF webinar - Performance, Perception and Manager Selection, September 14
  18. 2022 ICI Tax and Accounting Conference, Sep 18-21
  19. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  20. Nicsa Fearless Leadership Symposium, Oct 6-7
  21. 2022 MMI Annual Conference, Oct 19-21
  22. 2022 IDC Fund Directors Conference, Oct 24-26
  23. 18th annual Expect Miracles Wine & Spirits Event, October 27
  24. Nicsa 2022 General Membership Meeting, October 31 - November 2
  25. Tiburon CEO Summit XLIII, Nov 7-9
  26. 2022 ICI Tech Summit, Nov 8-9

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use