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

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

Rating:First Trust and Bridge Builder Take the Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 26, 2017

First Trust and Bridge Builder Take the Lead

Reported by Neil Anderson, Managing Editor

Among midsize mutual fund firms, First Trust and Edward Jones' Bridge Builder dominated last month.

The fund flows 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.

First Trust brought in an estimated $1.121 billion in net inflows in November, more than any other fund family with between $10 billion and $100 billion in AUM and up from First Trust's $1.07 billion in net inflows in October. Other top inflow shops in that range in November included: Bridge Builder, $939 million; Morgan Stanley, $577 million; Amundi Pioneer, $557 million; and Harris' Oakmark, $540 million.

On a relative basis, the November net inflows ranks among midsize firms look very similar at the top. First Trust came out on top with estimated net inflows equivalent to 2.12 percent of its AUM. Other big inflow winners last month, proportionately, included: Bridge Builder, 1.91 percent; Morgan Stanley, 1.73 percent; Amundi Pioneer, 1.31 percent; and WisdomTree, 0.76 percent.

On the flip side, November was a rough month for Voya, which suffered an estimated $972 million in net outflows, up from $480 million in October and more than any other midsize fund firm. Other big outflow sufferers in November included: Wells Fargo, $825 million; Waddell & Reed's Ivy Funds, $817 million; Harbor; and MainStay.

Proportionately, William Blair was the biggest outflow sufferer in November among midsize fund firms, with estimated net outflows equivalent to 2.49 percent of its AUM. Other big outflow sufferers last month, proportionately, included: Royce, 1.36 percent; Ivy, 1.29 percent; Touchstone, 1.26 percent; and Aberdeen Standard, 1.23 percent.

As a group, fund families with between $10 billion and $100 billion in AUM each suffered $5.091 billion in net outflows in November, equivalent to 0.16 percent of their combined AUM. That's down from $4.702 billion in estimated net inflows for the group in October.

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, long-term, actively managed mutual funds swung back to outflows in November, suffering estimated net outflows of $5.954 billion while passive funds brought in $49.401 billion and money market funds brought in $52.544 billion. Among long-term, active funds, taxable bond funds, international equity funds, muni bond funds, liquid alts, and commodities funds all had net inflows last month, while U.S. equity funds, sector equity funds, and allocation funds suffered net outflows. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
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. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use