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
, 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.
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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