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

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

Rating:SSgA Had a Great December Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 25, 2018

SSgA Had a Great December

Reported by Neil Anderson, Managing Editor

December was a great month for State Street Global Advisors (SSgA) in terms of flows, though it couldn't quite catch the industry's 800-pound gorilla.

Chicago-based investment research specialist Morningstar recently released its "Morningstar Direct Asset FLows Commentary: United States" report for December 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.)

This article digs into fund flows for December 2017. See our companion article for information on fund flows for the full 2017 calendar year.

Vanguard again led the pack, bringing in an estimated $21.591 billion in net inflows in December, up from $19.741 billion in November. SSgA jumped into second place last month, bringing in an estimated $18.146 billion in net inflows, almost seven times its $2.629 billion in November. Other big winners in December included: BlackRock, $9.03 billion; Charles Schwab, $4.248 billion; and Fidelity, $3.634 billion.

Proportionately, SSgA took the lead in December among the largest fund families, bringing in estimated inflows equivalent to 2.92 percent of its AUM. Other big December winners, proportionately, included: Schwab, 2.41 percent; First Trust, 2.05 percent; Guggenheim, 0.88 percent; and Pimco, 0.86 percent.

On the flip side, December was another rough month for Franklin Templeton, which again led the outflows pack, this time with estimated net outflows of $2.811 billion (up from $2.705 billion in November). Other big sufferers last month included: Invesco, $2.352 billion; T. Rowe Price, $2.099 billion; Harbor, $1.286 billion; and OppenheimerFunds, $946 million.

Proportionately among big fund firms, Harbor had the roughest December, with estimated net outflows equivalent to 1.86 percent of its AUM. Other big sufferers proportionately included: Voya, 1.01 percent; Dreyfus, 0.87 percent; Putnam, 0.86 percent; and Natixis, 0.86 percent.

Industrywide, long-term, active mutual funds suffered estimated net outflows of $7.81 billion in December. Yet money market funds brought in an estimated $43.788 billion in net inflows, and passive funds brought in $58.363 billion.

Within long-term, active mutual funds, the only winning categories last month were taxable bond funds, which brought in $10.23 billion in estimated net inflows, and international equity funds, which brought in $1.938 billion.

Meanwhile, long-term, active U.S. equity funds suffered estimated net outflows of $16.317 billion in December. Other suffering active categories last month included: sector equity funds, $1.68 billion; muni bond funds, $1.082 billion; liquid alts, $677 million; commodities funds, $215 million; and allocation funds, $7 million. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
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