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Rating:GQG Outpaces the Small Fund Firm Pack Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 25, 2017

GQG Outpaces the Small Fund Firm Pack

Reported by Neil Anderson, Managing Editor

Among the smallest fund firms, GQG was the biggest winner in September.

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.

GQG brought in an estimated $99 million in net inflows in September, more than any other fund with under $1 billion in AUM. Other top inflow shops in that AUM range included: ARK, $68 million; RWC, $59 million; LJM, $54 million; and InfraCap, $45 million.

On a relative basis, Horizon led the small fund firms, bringing in estimated net inflows equivalent to 90.1 percent of its AUM. (We excluded brand new firms Essex, Green Square, NWM, and Point Bridge.) Other big inflows winners among small fund firms included: Weiss, 75.6 percent; RWC, 66 percent; KKM, 63.4 percent; and GraniteShares, 50 percent.

On the flip side, TFS suffered estimated net outflows of $120 million in September, more than any other fund firm with under $1 billion in AUM. Other big net outflows sufferers in September included: Vivaldi, $100 million; Oak Ridge, $71 million; Rainier, $52 million; and REMSGroup, $44 million.

Hays suffered the biggest net outflows in September on a relative basis, with estimated net outflows equivalent to 118 percent of its AUM at the end of the month. Other big net outflows sufferers among the smallest fund firms included: TFS, 80.1 percent; Cognios, 48.7 percent; Vivaldi, 47.6 percent; and VolMAXX, 43.7 percent.

As a group, fund families with under $1 billion in AUM brought in a combined $285 million in net inflows in September, equivalent to about 0.3 percent of their combined AUM.

Last week M* released a report about industrywide flows, and MFWire highlighted the biggest winners and losers among the large 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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