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

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

Rating:Seven Months and Counting: Vanguard Is Still On Top Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 16, 2016

Seven Months and Counting: Vanguard Is Still On Top

Reported by Neil Anderson, Managing Editor

For the seventh month in a row, Vanguard [profile] continues to dominate mutual fund inflows. Meanwhile, arch rivals TCW [profile] and DoubleLine [profile] also had another strong month.

Frederick William McNabb III
The Vanguard Group, Inc.
Chief Executive Officer, President, Chairman of the Board of Directors
Today Morningstar released the "Morningstar Direct U.S. Asset Flows Update" report for April 2016. As per usual, the report was penned by Alina Lamy, senior analyst in markets research.

Vanguard brought in an estimated $21.323 billion in net flows last month. The other top inflow winners were: BlackRock [profile] (including iShares [profile]), $3.61 billion; Dimensional Fund Advisors (DFA [profile]), $2.034 billion; TCW, $1.715 billion; and TIAA [profile] (including Nuveen [profile]), $1.667 billion.

Proportionately, DoubleLine and TCW's MetWest were neck and neck; DoubleLine brought in $1.449 billion, M* estimates, which translates to 2.0408 percent of its AUM, while TCW's $1.715 billion amounts to 2.0417 percent of its AUM. The other top inflow winners proportionately were: TIAA, 1.06 percent ($1.667 billion); Eaton Vance [profile], 0.95 percent ($620 million); and Lord Abbett [profile], 0.76 percent ($765 million).

On the outflows side, April looks to be the first month since Pimco [profile] and co-founder Bill Gross parted ways in September 2014 that the fixed income titan was not in the top five outflow sufferers. This time around those were: Franklin Templeton [profile], $2.803 billion; Invesco [profile] (including PowerShares [profile]), $2.355 billion; Fidelity [profile], $1.872 billion; Goldman Sachs [profile], $1.288 billion; and Harris Associates' Oakmark [profile], $1.1 billion.

Proportionately, April's biggest sufferer was Goldman, as its $1.288 billion in outflows amounted to 1.55 percent of its AUM. Other big sufferers proportionately included: Oakmark, 1.53 percent ($1.1 billion); Putnam [profile], 1.42 percent ($909 million); GMO [profile], 1.40 percent ($867 million); and New York Life's MainStay [profile], 1.35 percent ($770 million).

Industrywide, M* estimates that long-term active mutual funds suffered $10.775 billion in net outflows in April. $26.45 billion in net flows went into long-term passive funds, while $41.223 billion net flowed out of money market funds.

Within long-term active funds, U.S. equity funds were the biggest sufferers in April with $20.3 billion in net outflows. Other outflow suffering categories of long-term active funds included: international equity, $3.994 billion in net outflows; allocation, $2.499 billion; sector equity, $1.623 billion; and alternative, $118 million. On the positive side, three categories of long-term active funds gained net inflows last month: taxable bond, $11.691 billion; municipal bond, $5.631 billion; and commodities, $438 million. 

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. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©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