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

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

Rating:Brinker's Destinations Took the Lead In 2017 Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 30, 2018

Brinker's Destinations Took the Lead In 2017

Reported by Neil Anderson, Managing Editor

Brinker Capital's new Destinations Funds dominated the small fund firm pack in 2017.

The fund flows information within this article draws from Morningstar Direct data. This article digs into fund flows for the full 2017 calendar year. See our companion article for information on fund flows for December 2017.

Destinations brought in an estimated $8.206 billion in net inflows last year, more than any other fund firm with between $1 billion and $10 billion in year-end 2017 AUM. Other big inflow winners in 2017 in the small size range included: Global X, $4.323 billion; Exchange Traded Concepts (ETC), $1.86 billion; JOHCM, $1.836 billion; and Angel Oak, $1.521 billion.

Destinations led the small fund firm pack last year proportionately, too, bringing in estimated net inflows equivalent to 93.46 percent of its year-end 2017 AUM. Other big inflow winners in 2017 included: ETC, 78.94 percent; AlphaCentric, 75.59 percent; Chiron, 73.63 percent; and KraneShares, 67.08 percent.

On the flip side, 2017 was a rough year for Manning & Napier, which suffered an estimated $2.852 billion in net outflows, more than any other small fund firm. Other big sufferers included: RiverPark, $1.39 billion; James Advantage, $1.273 billion; Baillie Gifford, $1.256 billion; and Wasatch, $1.229 billion.

Proportionately, Hodges led the small fund firm outflows pack in 2017, suffering estimated net outflows equivalent to 85.09 percent of its AUM. Other big sufferers included: RiverPark, 69.97 percent; Hancock Horizon, 49.19 percent; Mercer, 46.52 percent; and James Advantage, 41.24 percent.

As a group, fund families with between $1 billion and $10 billion in AUM brought in $9.032 billion in estimated net inflows in 2017, equivalent to 1.89 percent of their combined AUM.

Last week M* released a report about industrywide flows, and MFWire the biggest winners and losers among the largest fund firms. Across the whole industry, long-term, active mutual funds suffered estimated net outflows in 2017 of $6.991 billion, while money funds brought in net inflows of $107.096 billion and passive funds brought in $691.589 billion. Within long-term, active mutual funds, taxable bond funds, international equity funds, muni bond funds, liquid alts, and commodities funds all had net inflows in 2017, while U.S. equity funds, allocation funds, and sector equity funds all suffered net outflows. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use