September was a great month for Global X
The fund flow information within this article was formulated from Morningstar
data provided to MFWire
by Alina Lamy
, senior analyst of quantitative research at the investment research giant.
Global X brought in $554 million in net inflows in September, M* estimates, more than any other fund family with between $1 billion and $10 billion of AUM. Other top inflow shops in that range in September included: Champlain
, $246 million; Exchange Traded Concepts
, $219 million; KraneShares
, $178 million; and Chiron, $162 million.
On a relative basis, Chiron was on top among $1 billion to $10 billion firms, with estimated September net inflows equivalent to 12.9 percent of its AUM. Other top inflow shops in that range in September included: KraneShares, 12.9 percent; ETC, 12.7 percent; AlphaCentric
, 11.5 percent; and Global X, 8.3 percent.
On the flip side, nearly half of fund firms with $1 billion to $10 billion in AUM suffered net outflows in September. At the top of the outflows list was USCF
, which suffered an estimated $453 million in net outflows. Other top sufferers included: Credit Suisse
, $247 million; Kornitzer's Buffalo
, $194 million; Driehaus
, $194 million; and Wasatch
, $123 million.
Proportionately, USCF also led the outflows pack in September among $1 billion to $10 billion AUM firms, suffered estimated net outflows equivalent to 12.7 percent of its AUM. Other big sufferers proportionately included: Hodges
, 7.4 percent; RiverPark
, 5.3 percent; Buffalo, 4.8 percent; and Credit Suisse, 4.7 percent.
As a group, fund families with between $1 billion and $10 billion in AUM brought in an estimated $882 million in net inflows, amounting to about 0.2 percent of their combined AUM.
Last week M* released
a report about industrywide flows, and MFWire
highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, active, long-term mutual funds suffered an estimated $5.576 billion in net outflows in September, while money funds brought in $26.307 billion in net inflows and passive funds brought in $56.433 billion. Among long-term, active funds, only taxable bond funds and muni bond funds had net inflows overall, while all other categories suffered net outflows.
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