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Rating:KraneShares, Bogle, and Amplify Are On The Rise! Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 12, 2017

KraneShares, Bogle, and Amplify Are On The Rise!

Reported by Waiho Zhang

Some small fund firms brought generated big inflows in May. Bogle, Amplify, and VolMAXX were all big winners in the under $1 billion AUM range.

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

Jonathan Krane

Out of the 550 firms with AUM under $1 billion, KraneShares placed first in terms of total net inflows for the month of May, bringing in an estimated $175 million. Following closely behind is Exchange Traded Concepts LLC (ETC) with estimated net inflows of $155 million. Other small firms that brought in big inflows in May include: AlphaCentric Funds, with estimated inflows of $105 million; Cambria Investment Management, with $103 million; and Chiron Investment Management, with $95 million.

Coming in first in relative terms is Bogle Investment Management with estimated net inflows equivalent to 65.73 percent of its total AUM. In second place is Amplify ETFs, with net inflows equivalent to 56.98 percent of its total AUM. Some other big gainers include: GQG Partners, with 42.15 percent; VolMAXX, with 37.62 percent; and ETF Managers Trust, with 33.33 percent.

IronBridge Funds, Inc. experienced estimated net outflows of $130.7 million dollars which was the greatest out of all the firms with below $1 billion AUM for the month of May. GuideMark Funds also suffered, generating estimated net outflows of $107.8 million. Other small fund firms with the biggest outflows include: Stadion Funds, with $77.2 million; Aspen Partners, with $48.6 million; and Kalmar Investments, with $42.1 million.

Stadion Funds suffered the most this May in terms of relative outflows. Stadion generated mutual fund outflows equivalent to 216.29 percent of the total mutual fund AUM it ended May with. Investment Manager Series Trust also generated heavy outflows that were an estimated 143 percent of its total AUM at the end of may, and Kalmar Investments generated May outflows that were an estimated 138 percent of its total AUM by the end of the month. Other firms that suffered from heavy outflows include: Adams Harkness Funds, with 88 percent; and Ironclad Funds, with 31 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 dropped in the month of May, with total estimated 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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