State Street Global Advisors (SSgA
) won December, at least proportionately.
The fund flows information within this article draws from Morningstar Direct
SSgA brought in an estimated $133.959 million in net inflows per fund in December, more than any other mutual fund or ETF shop. Other big December winners proportionately were: Edward Jones' Bridge Builder
, $115.357 million; Primecap
, $78.722 million; Grayscale
, $61.987 million; and Vanguard
, $55.085 million.
On the flip side, Ruane Cunniff & Goldfarb's Sequoia
suffered an estimated $69.634 million in net outflows per fund in December, more than any other fund firm. Other big sufferers proportionately included: CGM
, $36.018 million; Selected
, $30.766 million; Estabrook
, $29.803 million; and Tweedy Browne
, $29.687 million.
M* recently 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, active mutual funds suffered estimated net outflows of $7.81 billion in December, while money funds brought in $43.788 billion in net inflows and passive funds brought in $58.363 billion. Among long-term, active funds, taxable bond funds and international equity funds had overall net inflows, while U.S. equity funds, sector equity funds, muni bond funds, liquid alts, commodities funds, and allocation funds all suffered outflows.
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