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

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

Rating:Even Vanguard and BlackRock Slowed Down a Bit Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 21, 2017

Even Vanguard and BlackRock Slowed Down a Bit

Reported by Neil Anderson, Managing Editor

November was a quieter inflows month for mutual funds and ETFs, except for money market funds. Even Vanguard and BlackRock slowed down a bit, though they still were way ahead of the pack.

Chicago-based investment research specialist Morningstar recently released its "Morningstar Direct Asset Flows Commentary: United States" report for November 2017. As in past months, Alina Lamy, senior analyst of quantitative research, penned the report. (An abridged version of the report is publicly accessible, while the full report with appendices is available to Morningstar Direct users.)

Despite the slightly slower pace, Vanguard and BlackRock continued to dominate industry net flows, with estimated November net inflows of $19.741 billion and $17.9 billion, respectively (down from October when Vanguard brought in $28.232 billion and BlackRock brought in $20.926 billion). Other big winners in November included: Pimco, $2.736 billion; SSgA, $2.629 billion; and DFA, $2.513 billion.

Proportionately, Charles Schwab climbed into first place in November among the biggest fund firms, bringing in estimated net inflows equivalent to 1.46 percent of its AUM. Other big November inflow winners on a relative basis were: BlackRock, 1.13 percent; Dreyfus, 0.8 percent; Pimco, 0.79 percent; and Guggenheim, 0.74 percent.

On the flip side, Franklin Templeton again led the industry in outflows, though with only $2.705 billion in estimated net outflows (down from $3.62 billion in October). Other big sufferers in November included: American Century, $1.014 billion; Voya, $972 million; Wells Fargo, $825 million; and Harbor, $703 million.

Proportionately, among big fund firms Northern Trust had the roughest November, with estimated net outflows equivalent to 1.29 percent of its AUM. Other big sufferers in November, proportionately, include: Voya, 1.14 percent; MainStay, 1.06 percent; Harbor, 0.99 percent; and Wells Fargo, 0.89 percent.

Industrywide, long-term, actively managed mutual funds swung back to outflows in November, suffering estimated net outflows of $5.954 billion. Passive funds' net inflows slipped to $49.401 billion (down from $71.6 billion in October). And money market funds swung back to inflows, bringing in estimated net inflows of $52.544 billion.

Within long-term, active funds, taxable bond funds again led the pack, this time with $11.886 billion in estimated net inflows. Other winning categores included: international equity, $4.401 billion; muni bonds, $1.646 billion; liquid alts, $615 million; and commodities, $80 million.

Meanwhile, also among long-term, active funds, U.S. equity funds had another rough month, suffering an estimated $17.92 billion in net November outflows (down from $18.812 billion in October). Other suffering categories included sector equity, $3.459 billion, and allocation, $3.203 billion. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
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

  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use