The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A New Entrant Leads the Under $1B AUM Pack Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 30, 2017

A New Entrant Leads the Under $1B AUM Pack

Reported by Neil Anderson, Managing Editor

The fastest growing of the smallest mutual fund firms is a new entrant into the space.

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.

Beacon Trust's Beacon Investment Advisory arm brought in an estimated $488 million in net inflows in October, more than any other fund firm with under $1 billion in AUM. Other top inflows shops last month included: Innovator Funds, $83 million; Ark, $80 million; GQG, $73 million; and Equbot, $71 million.

On a relative basis, Beacon, Equbot, and Vert Asset Management all appear to be new to the mutual fund business, as they brought in estimated October net inflows equivalent to 100 percent of their AUM. Other big inflows winners last month included: Event Shares, 99.9 percent; and Ascendant, 60 percent.

On the flip side, TFS suffered estimated outflows of $136 million in October, more than any other fund firm with under $1 billion in AUM and up from $120 million in September. Other big sufferers in October included: American Independence, $107 million; Oak Ridge, $53 million; Rainier, $48 million; and IronBridge, $44 million.

Proportionately, TFS also suffered the most in October, with estimated net outflows equivalent to 208.3 percent of its AUM by the end of the month. Other big net outflow suffers among the smallest fund firms included: Cumberland, 38.5 percent; VolMaxx, 37.1 percent; Roosevelt, 34.1 percent; and Ironclad, 26.7 percent.

As a group, fund families with under $1 billion in AUM each brought in a combined $886 million in estimated net inflows in September, equivalent to about 0.98 percent of their combined AUM.

On Monday 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 swung back to net inflows in October, bringing in an estimated $5.585 billion. Money market funds suffered $7.234 billion in net outflows, while passive funds' net inflows rose to $71.6 billion. Among long-term, active funds, taxable bond funds, international equity funds, muni bond funds, liquid alts, and commodities funds all netted positive estimated inflows. U.S. equity funds, allocation funds, and sector equity funds all suffered estimated net outflows. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use