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

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

Rating:Two Niche ETF Shops Lead the Small Firm Pack Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 29, 2018

Two Niche ETF Shops Lead the Small Firm Pack

Reported by Neil Anderson, Managing Editor

A pair of niche ETF shops led the small fund firm pack last month.

The fund flows information within this article draws from Morningstar Direct data on mutual fund and ETF flows in February 2018.

Global X (which is being acquired by Mirae Asset) and New York Life's IndexIQ were by far ahead of the inflows pack last month among fund firms with between $1 billion and $10 billion in AUM. Global X led with $462 million in estimated net inflows in February, down from $1.206 billion in January, and IndexIQ brought in $454 million in February. Other top inflow winners last month included: Clark Capital Management's Navigator Funds, $209 million; Ark, $166 million; and Pacer, $151 million.

On a relative basis, IndexIQ led the small fund firms in February with estimated net inflows equivalent to 18.62 percent of its AUM. Other big winners proportionately included: Ark, 12.45 percent; Pacer, 8.00 percent; Navigator, 6.93 percent; and Chiron, 6.43 percent.

On the flip side, February was a rough month for Barclays Funds, which suffered estimated net outflows of $510 million, more than any other fund firm in the $1 billion to $10 billion range. Other big sufferers last month included: Manning & Napier, $199 million; RiverPark, $126 million; Salient, $106 million; and Jensen, $105 million.

Barclays also suffered the most last month proportionately, among small fund firms, with estimated net outflows equivalent to 7.03 percent of its AUM. Other big sufferers in February included: RiverPark, 6.62 percent; Salient, 3.91 percent; Water Island Capital's Arbitrage Fund, 3.55 percent; and James Advantage, 3.33 percent.

Fund families with between $1 billion and $10 billion in AUM each, as a group, brought in $1.543 billion in net inflows in February, equivalent to 0.32 percent of their combined AUM. That's down from $5.698 billion in net inflows in January.

M* recently released a report about industrywide flows in February, and MFWire highlighted the biggest winners and losers among the largest fund firms. Across the whole industry, long-term active mutual funds suffered an estimated $12.943 billion in net outflows in February, down from $24.048 billion in net inflows in January. Money funds swung positive in February, to $42.812 billion in net inflows, and passive funds brought in $5.253 billion. Within long-term active mutual funds, international equity funds, taxable bond funds, and commodities funds each had net category inflows in February, while U.S. equity funds, allocation funds, sector equity funds, muni bond funds, and liquid alts all 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
2021: Q2Q1
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. ETF.com Awards 2020, April 20
  2. The 31st Sub-Advised Funds Forum, Apr 20-21
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  5. MMI Summit 2021, Apr 21-22
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. Nicsa webinar - Diversity Data: What is at stake? Business, Reputation and Talent, April 22
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. IMEA In Session - Post-Covid Sales Coverage, April 27
  13. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  14. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  15. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  16. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  17. ICI 2021 General Membership Meeting - Day 1, May 6
  18. Emerging Manager Forum USA, May 12-14
  19. ICI 2021 General Membership Meeting - Day 2, May 13
  20. 2021 FINRA Annual Conference, May 18-20
  21. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  22. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  25. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  26. ICI 2021 Operations and Technology Conference, May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use