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

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

Rating:Bridge Builder Keeps Dominating Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 14, 2018

Bridge Builder Keeps Dominating

Reported by Neil Anderson, Managing Editor

A broker-dealer's proprietary, subadvised mutual fund shop continues to dominate inflows 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 (excluding money market funds and funds of funds) for July 2018, specifically for midsize fund firms (those with between $10 billion and $100 billion in fund and ETF AUM).

Edward Jones' Bridge Builder brought in an estimated $2.826 billion in net inflows in July, leading the midsize pack for the third month in a row but down from $3.058 billion in June. Other top inflows shops in July included: First Trust, $1.661 billion (up from $1.207 billion); Brinker Capital's Destination Funds, $1.161 billion (up from $40 million); Morgan Stanley, $1.06 billion (up from $444 million); and Goldman Sachs, $890 million (up from $6.336 billion in net outflows).

Destination led the midsize pack on a relative basis, with estimated net inflows in July equivalent to 11.2 percent of its AUM, up from 0.45 percent in June. Other big inflow winners in July proportionately included: Bridge Builder, 4.52 percent (down from 5.2 percent); Morgan Stanley, 2.7 percent (up from 1.17 percent); UBS, 2.56 percent (up from 0.01 percent); and First Trust, 2.53 percent (up from 1.91 percent).

On the flip side, July was a rough month for AQR, which led the midsize pack with $939 million in estimated net outflows, down from $1.239 billion in June. Other big outflows sufferers in July included: Harbor, $935 million (down from $1.584 billion); TCW, $690 million (down from $2.519 billion); Harris' Oakmark, $673 million (up from $78 million); and Wells Fargo, $671 million (down from $895 million).

Proportionately, ALPS was the biggest sufferer among midsize firms, with estimated net outflows in July equivalent to 3.71 percent of its AUM (down from 2.11 percent in net inflows in June). Other big sufferers in July included: AQR, 2.65 percent (down from 3.42 percent); Aberdeen Standard, 2.18 percent (down from 3.77 percent); Nationwide, 2.16 percent (down from roughly flat flows); and BBH, 1.75 percent (down from 1.99 percent).

As a group, fund families with between $10 billion and $100 billion in AUM each suffered a combined $1.647 billion in net outflows in July, equivalent to about 0.05 percent of their combined AUM. That's down from $15.542 billion in net outflows in June.

Across the whole industry, mutual funds and ETFs brought in $31.915 billion in estimated net inflows in July, equivalent to about 0.17 percent of industry AUM (which reached $18.794 trillion as of the end of July). That's up from $23.037 billion in net industry outflows in June. 

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. MFDF webinar - Board Oversight of ETFs, March 3
  2. FinReg Outlook 2021, March 10
  3. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  4. Irish Funds North American Digital Seminar, March 11
  5. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  6. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  7. Women for Impact - A Call to Action, March 16
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  9. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  10. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  11. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  12. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  13. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  14. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  15. ETF.com Awards 2020, April 20
  16. The 31st Sub-Advised Funds Forum, Apr 20-21
  17. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  18. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  19. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  20. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  21. ICI 2021 General Membership Meeting - Day 1, May 6
  22. ICI 2021 General Membership Meeting - Day 2, May 13
  23. 2021 FINRA Annual Conference, May 18-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  26. Irish Funds Online Annual Global Funds Conference 2021, May 19-20

©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