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

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

Rating:Vanguard Retakes the Lead, and Schwab and Oakmark Also Rake It In Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 29, 2017

Vanguard Retakes the Lead, and Schwab and Oakmark Also Rake It In

Reported by Waiho Zhang


Last month, Vanguard took back the title as the King of Mutual Funds from BlackRock by rising, once again, to the top of the scoreboard in net mutual fund flows.

Chicago-based investment research specialist Morningstar released its "Morningstar Direct Asset Flows Commentary: United States" report for May 2017. Alina Lamy, senior analyst of quantitative research, penned the report. (An abridged version of the report is publicly accessible, while the full report and appendices are available to Morningstar Direct Users.)

The low-cost mutual fund titan, Vanguard, came in first last month with a total of $35.878 billion in net open-end mutual fund and ETF inflows, M* estimates. BlackRock, driven largely by its iShares ETF business, came in second with $18.539 billion in estimated net inflows. Other big winners last month included: Pimco, with estimated net inflows of $3.617 billion; DFA, with estimated net inflows of $3.047 billion; Capital Groups' American Funds, with estimated net inflows of $3.032 billion; and Schwab, with their massive ETF and funds platform, generating estimated net inflows of $2.954 billion.

Speaking about Schwab, it once again led the big fund firm pack last month on a relative basis, bringing in estimated net inflows that was 2.07 percent of its AUM. Harris Oakmark came in second with 1.49 percent, and following close behind were BlackRock with 1.34 percent and Pimco with 1.12 percent.

On the flip side, despite a majority of the firms experiencing inflows, 38 percent of the biggest fund firms experienced outflows. SSgA suffered estimated net outflows of $6.161 billion last month followed by Harbor Capital Advisors who experienced net outflows of $1.555 billion. Other fund firms who suffered the biggest outflows for the month of May included: Franklin Templeton Investments, $1.4 billion in net outflows; Columbia Funds, $75.1 million in net outflows; and Wells Fargo, $70.4 million in net outflows.

The firm that suffered the biggest relative outflows in regards to its AUM was Harbor Capital Advisors with estimated net outflows of 2.22 percent. Other firms that suffered big outflows last month were: Artisan Partners, with net outflows of 1.27 percent; SSgA, with net outflows of 1.16 percent; and Wells Fargo with net outflows of 0.8 percent.

Industry wide, long-term, active mutual funds did better in May, generating net inflows of $9.745 billion contrasting with Aprils' outflows of $10.513 billion. Money market funds also had a good month, generating estimated net inflows of $11.549 billion. Passive funds had a good month as well, increasing net inflows from an estimated $5.532 billion to an total of $59.05 billion.

Within long term active mutual funds, taxable bond funds brought in an estimated $19.699 billion in net inflows last month. International equity funds brought in $6.765 billion, municipal bond funds $3.093 billion, and alternative funds $131 million.

Meanwhile, long term, active commodities funds dipped last month, with estimated net outflows of $24 million. U.S. equity funds had estimated net outflows of $16.152 billion, sector equity funds had outflows of $1.328 billion, and allocation funds had outflows of $2.439 billion.  

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
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:
Raw XML
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