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

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

Rating:Bridge Builder's Lead Widens Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 17, 2018

Bridge Builder's Lead Widens

Reported by Neil Anderson, Managing Editor

A subadvised mutual fund shop widened its lead last month among midsize fund firms.

The fund flows information within this article draws from Morningstar Direct data. This article digs into open-end mutual fund and ETF flows (excluding money market funds and funds of funds) for August 2018, specifically for midsize fund firms (those with between $10 billion and $100 billion in fund EUM each).

Edward Jones' Bridge Builder stayed on top among midsize fund firms, with estimated net inflows in August of $3.048 billion, up from $2.826 billion in July. Other big August winners included: Morgan Stanley, $1.367 billion (up from $1.06 billion); First Trust, $1.297 billion (down from $1.661 billion); BNY Mellon, $622 million (up from $49 million in net outflows); and Guggenheim, $604 million (up from $140 million in net outflows).

Bridge Builder also led the midsize pack proportionately in August, with estimated net inflows equivalent to 4.6 percent of its AUM, up from 4.52 percent in July. Other big August winners included: Morgan Stanley, 3.31 percent (up from 2.7 percent); First Trust, 1.88 percent (down from 2.53 percent); UBS, 1.87 percent (down from 2.56 percent); and Guggenheim, 1.82 percent (up from 0.44 percent in net outflows).

On the flip side, August was a rough month for Harbor, which suffered an estimated $2.864 billion in net outflows, more than any other midsize firm and up from $935 million in July. Other big August sufferers included: First Eagle, $1.417 billion (up from $613 million); GMO, $1.414 billion (up from $628 million); ProFunds, $884 million (down from $631 million in net inflows); and Voya, $737 million (up from $301 million).

Proportionately, Harbor also led the outflows pack, with estimated net August outflows equivalent to 4.6 percent of its AUM, up from 1.45 percent in July. Other big August sufferers included: GMO, 3.57 percent (up from 1.52 percent); ProShares, 2.57 percent (up from 1.88 percent); FMI, 2.06 percent (up from 0.13 percent); and Lazard, 2.03 percent (up from 0.03 percent).

As a group, midsize fund firms suffered an estimated in $6.887 billion in combined net outflows in August, equivalent to 0.23 percent of their combined AUM. That's up from $1.647 billion in net outflows in July.

Across the whole industry, long-term open-end mutual funds and ETFs brought in a combined $22.219 billion in estimated net inflows in August, equivalent to 0.12 percent of their combined AUM. That's down from $31.915 billion in July. 

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
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
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. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use