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

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

Rating:Despite Slipping, an ETF Shop Keeps the Pole Position Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 31, 2018

Despite Slipping, an ETF Shop Keeps the Pole Position

Reported by Neil Anderson, Managing Editor

Despite slowed inflows in April, First Trust remained in the lead among midsize fund firms.

The fund flows information within this article draws from Morningstar Direct data. This article digs into mutual fund and ETF flows for April 2018, specifically for midsize fund firms (with between $10 billion and $100 billion in fund and ETF AUM).

First Trust brought in an estimated $1.076 billion in net inflows in April, more than any other midsize firms, but down from $1.649 billion in March. Other top inflow shops in April included: Edward Jones' Bridge Builder, $891 million (up from $859 million); Morgan Stanley, $546 million (up from $22 million); Primecap, $458 million (up from $429 million); and MassMutual, $409 million (up from $94 million).

Global X led the midsize fund firms on a relative basis, with estimated net inflows in April equivalent to 2.98 percent of its AUM, up from 0.8 percent in March. Other big inflows winners proportionately in April include: Alps, 2.14 percent (up from 0.29 percent); Edgewood, 1.84 percent (down from 1.87 percent); First Trust, 1.81 percent (down from 2.83 percent); and Calamos, 1.74 percent (down from 1.78 percent).

On the flip side, April was another rough month for Wells Fargo, which jumped to the lead in the midsize pack with $838 million in estimated net outflows, up from $714 million in March. Other big sufferers in April included: ProShares, $770 million (down from $358 million in net inflows in March); TCW, $686 million (down from $1.475 billion); Harbor, $671 million (down from $1.518 billion) and Lazard, $586 million (down from $477 million).

Proportionately, BBH was the biggest sufferer in April among midsize fund firms, with estimated net outflows equivalent to 3.34 percent of its AUM, up from 0.52 percent in March. Other big sufferers in April, proportionately, included: ProShares, 2.41 percent (up from 1.09 percent); Lazard, 1.77 percent (up from 1.41 percent); FMI, 1.66 percent (up from 1.57 percent); and Diamond Hill, 1.27 percent (up from 0.22 percent).

As a group, fund families with between $10 billion and $100 billion in AUM suffered an estimated $4.39 billion in net outflows in April, equivalent to about 0.14 percent of their combined AUM. That's down from $609 million in net inflows in March.

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 funds brought in $30.591 billion in net inflows in April, while money funds suffered $9.029 billion in net outflows. Within long-term funds, taxable bond funds, international equity funds, U.S. equity funds, and commodities funds all had net inflows, while sector equity funds, allocation funds, muni bond funds, and liquid alts 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
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:
Raw XML
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