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

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

Rating:Vanguard, BlackRock, and SSgA Won 2016 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 19, 2017

Vanguard, BlackRock, and SSgA Won 2016

Reported by Neil Anderson, Managing Editor

The big three indexed mutual fund and ETF shops dominated the business last year.

Larry Fink
BlackRock
Chief Executive Officer
Yesterday Chicago-based investment research specialist Morningstar released its "Morningstar Direct Asset Flows Commentary: United States" report for December 2016, which includes numbers for the full calendar year, too. (See this article for a deeper dive into the December flows.) Markets research senior analyst Alina Lamy and Morningstar Direct editor Tom Lauricella worked on the report.

Vanguard [profile] brought in $277.257 billion* in net mutual fund and ETF inflows in 2016, putting it at number one. The other big net inflow winners last year were: BlackRock [profile] (including iShares [profile]), $99.484 billion; State Street Global Advisors (SSgA [profile]), $54.712 billion; Dimensional Fund Advisors (DFA [profile]), $21.481 billion; and Schwab [profile], $15.107 billion.

Proportionately, Schwab was the biggest winner last year, with net inflows amounting to 12.49 percent of its year-end 2016 AUM. Other big winners proportionately were: DoubleLine [profile], 11.03 percent; SSgA, 10.9 percent; TCW [profile], 8.4 percent; and BlackRock, 8.27 percent.

On the flip side, Franklin Templeton [profile] suffered $42.332 billion in net outflows last year, more than any other big fund firm. The other big 2016 net outflow sufferers were: Fidelity [profile], $23.217 billion; GMO [profile], $15.701 billion; Wells Fargo [profile], $15.392 billion; and Pimco [profile], $15.288 billion.

Proportionately, the biggest net outflow sufferers in 2016 were: GMO, 30.19 percent; Harris' Oakmark [profile], 22.7 percent; Wells Fargo, 16.73 percent; Harbor [profile], 15.34 percent; New York Life's MainStay [profile] 14.68 percent; and Goldman Sachs [profile], 13.88 percent.

Industrywide, long-term, active mutual funds suffered $340.137 billion in net outflows last year, and money market funds suffered $35.452 billion in net outflows. Passive funds brought in $504.776 billion in net inflows.

Within long-term, active funds, taxable bond funds brought in $46.327 billion in net inflows in 2016. Muni bond funds brought in $26.28 billion, and commodities funds brought in $3.366 billion.

On the flip side, active, long term U.S. equity funds suffered $263.79 billion in net outflows last year. $59.8 billion net flowed out of international equity funds, $53.531 billion out of allocation funds, $31.819 billion out of sector equity funds, and $7.169 billion out of alternative funds.

*All numbers are based on M*'s fund flows. 

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
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. ETF.com Awards 2020, April 20
  2. The 31st Sub-Advised Funds Forum, Apr 20-21
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  5. MMI Summit 2021, Apr 21-22
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. Nicsa webinar - Diversity Data: What is at stake? Business, Reputation and Talent, April 22
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. IMEA In Session - Post-Covid Sales Coverage, April 27
  13. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  14. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  15. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  16. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  17. ICI 2021 General Membership Meeting - Day 1, May 6
  18. Emerging Manager Forum USA, May 12-14
  19. ICI 2021 General Membership Meeting - Day 2, May 13
  20. 2021 FINRA Annual Conference, May 18-20
  21. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  22. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  25. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  26. ICI 2021 Operations and Technology Conference, 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