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Rating:GlobalX, Angel Oak, and IndexIQ Climb the Ranks! Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 5, 2017

GlobalX, Angel Oak, and IndexIQ Climb the Ranks!

Reported by Waiho Zhang

Among fund firms with AUMs ranging from $1 billion to $10 billion, Global X Management and Angel Oak Capital Advisors had the biggest inflows for the month of May.

The fund flow information within this article was formulated from the exclusive data provided to us by Alina Lamy, a senior analyst of quantitative research at MorningStar

Bruno De Ama
Global X Management

Global X Management places first in the $1 billion to $10 billion bracket for the month of May with a total of $343.3 million in net open-end mutual fund and ETF inflows, M* estimates. Coming in second, is a value and income based fund firm, Angel Oak Capital Advisors, with estimated net inflows of $295.6 million. Other big winners in May included: JO Hambro Capital Management (JOHCM), with estimated net inflows of $257 million; IndexIQ Advisors, with estimated net flows of $174.1 million; and WCM Investment Management, with estimated net inflows of $125.7 million.

Even though IndexIQ didn't come in first in total net inflows, it certainly made up for it on a relative basis. IndexIQ led the $1B to $10B crowd in May by bringing in estimated net inflows that were 16.32 percent of its total AUM. Stone Ridge Investment Partners came in second with 10.06 percent. Following close behind these two were Pure Funds, with 8.99 percent; Global X, with 6.62 percent; and Angel Oak, with 5.34 percent.

The $1B to $10B fund firms that suffered the biggest net outflows for the month of May were: Brown Advisory Funds, with estimated outflows of $738 million; Third Avenue Funds, with estimated outflows of $140 million; and James Advantage Funds,, with estimated outflows of $139 million. Other firms that suffered outflows include Manning & Napier, with estimated outflows of $116 million; and Rydex Global, Investors with estimated outflows of $84 million.

Brown Advisory suffered the most outflows on a relative basis as well in May with estimated net outflows that were 8.62 percent of its total AUM. Sands Capital Management had the second biggest relative outflow with 5.94 percent, and following sand were: Hodges Capital Management, with 5.46 percent; Wilshire Mutual Funds, with 4.38 percent; and James Advantage, with 3.85 percent.

Industry wide, long term, active mutual funds, money market funds, taxable and municiple bond funds, passive funds, and alternative funds all had a good May, generating inflows of $56.514 billion in total.

Meanwhile, long term, active commodities funds, U.S. equity funds, sector equity funds, and allocation funds dipped in the month of May, generating total net outflows of $19.943 billion.

The information garnered above regarding general industry performance was extracted from research conducted by Chicago-based investment research specialist Morningstar who released its "Morningstar Direct Asset Flows Commentary: United States" report for May 2017. Lamy penned the report. 

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