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

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

Rating:3 Big Fund Firms Rocked January: 37 Suffered Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 16, 2016

3 Big Fund Firms Rocked January: 37 Suffered

Reported by Neil Anderson, Managing Editor

Dimensional Fund Advisors (DFA), DoubleLine, and Vanguard dominated mutual fund flows last month as the markets shook. Meanwhile, 37 of the 50 biggest mutual fund shops suffered net ouflows.

David Booth
Dimensional Fund Advisors
Chairman, Co-Chief Executive Officer
On Friday Morningstar released its January 2016 "Morningstar Direct U.S. Asset Flows Update" by senior analyst Alina Lamy. Per M*'s estimates, Vanguard ($21.923 billion in net inflows), DFA ($3.269 billion), and DoubleLine ($1.848 billion) were the only fund firms that netted more than $1 billion in open-end (including ETFs), long-term (i.e. non-money-market) net inflows in January. Rounding out the top five firms in net flows were Capital Group's American Funds ($975 million in net inflows) and TIAA-CREF ($441 billion, including Nuveen).

Percentage-wise, the same three firms dominated. M* estimates put DoubleLine's net January inflows at 2.68 percent of its AUM, DFA's at 1.33 percent, and Vanguard's at 0.782 percent. TIAA-CREF came in fourth, netting inflows equivalent to 0.584 percent of AUM, and SEI came in fifth with net inflows of 0.424 percent of AUM.

On the flip side, the top five long-term, open-end mutual fund (including ETFs) outflow sufferers in January were: Fidelity, $5.324 billion in net outflows; Franklin Templeton, $4.038 billion; BlackRock, $2.311 billion; Invesco (including PowerShares), $2.127 billion; and Pimco, $1.678 billion.

In percentage terms, January's top outflow sufferers were: Goldman Sachs, outflows equivalent to 1.92 percent of its AUM; Natixis, 1.82 percent; New York Life's MainStay, 1.65 percent; Putnam, 1.34 percent; and Wells Fargo, 1.32 percent.

Across the whole universe of funds, Morningstar estimates that long-term, open-end mutual funds and ETFs suffered combined net outflows of $30.908 billion. Money market funds suffered $21.402 billion in net outflows, while long-term passive funds netted $18.462 billion in net inflows.

In active open-end mutual funds and ETFs, Morningstar estimates that municipal bond funds brought in $4.495 billion in net inflows. Active international equity funds brought in $4.108 billion in net inflows, active alternative funds brought in $1.529 billion, and active commodities funds brought in $657 million.

Active U.S. equity funds, meanwhile, suffered $19.167 billion in net ouflows. $11.982 billion net flowed out of active taxable bond funds, $7.18 billion out of active allocation funds, and $3.367 billion out of active sector equity funds. Even passive sector equity and passive allocation funds saw net outflows last month, of $4.224 billion and $211 million each, respectively. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
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. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use