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

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

Rating:71 Percent of Big Fund Firms Suffered in December Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 19, 2017

71 Percent of Big Fund Firms Suffered in December

Reported by Neil Anderson, Managing Editor

Only 13 of the 46 biggest mutual fund shop saw net inflows last month. And the biggest winners were the big indexing shops.

Tom Lauricella
Morningstar Direct
Editor
Yesterday Chicago-based investment research specialist Morningstar released its "Morningstar Direct Asset Flows Commentary: United States" report for December 2016. Morningstar Direct editor Tom Lauricella and markets research senior analyst Alina Lamy worked on the report.

Vanguard [profile], per M*'s estimates, came out on top of the flows race, bringing in net inflows of $23.764 billion. The other big net flows winners were: BlackRock [profile] (including iShares [profile]), $18.671 billion; State Street Global Advisors (SSgA [profile]), $17.476 billion; Schwab [profile], $2.88 billion, and Dimensional Fund Advisors (DFA [profile]), $1.699 billion.

Proportionately, per M*'s estimates, SSgA was the big winner, with inflows amounting to 3.48 percent of its AUM. Other top inflow winners, proportionately, were: Schwab, 2.38 percent; BlackRock, 1.55 percent; Vanguard, 0.70 percent; and Jackson [profile], 0.62 percent.

On the flip side, per M*'s estimates, the biggest net outflow sufferers in December were: Wells Fargo [profile], $7.051 billion; Harris' Oakmark [profile], $3.086 billion; DoubleLine [profile], $2.954 billion; Franklin Templeton [profile], $2.617 billion; and Capital Group's American Funds [profile].

Proportionately, per M*'s estimates, the biggest net outflow sufferers last month were: Wells Fargo, 7.66 percent of its AUM; Oakmark, 4.61 percent; DoubleLine, 4.1 percent; Harbor [profile], 2.16 percent; and Natixis [profile], 2.09 percent.

Industrywide, M* estimates that long-term, active mutual funds suffered $55.425 billion in net outflows in December. Meanwhile, passive funds brought in $76.444 billion in net inflows, and money market funds brought in $8.535 billion.

Within long-term, active mutual funds, taxable bond funds brought in net inflows of $1.83 billion, and commodities funds brought in $118 million.

On the flip side, active U.S. equity funds suffered $23.043 billion in net outflows, while $15.879 billion flowed out of muni bond funds, $8.181 billion out of international equity funds, $3.927 billion out of allocation funds, $3.402 billion out of sector equity funds, and $2.943 billion out of alternative funds. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use