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

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

Rating:Two-Thirds of the Giants Suffer Outflows Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 19, 2018

Two-Thirds of the Giants Suffer Outflows

Reported by Neil Anderson, Managing Editor

As the whole mutual fund industry swung to outflows last month, less than one-third of the biggest fund firms had positive net flows.

The information within this article draws from Morningstar Direct data on October 2018 open-end mutual fund and ETF flows (excluding money market funds and funds of funds), and focuses specifically on the 27 firms with more than $100 billion in mutual fund and ETF AUM each. Eight had net inflows last month, while 19 suffered net outflows.

Vanguard stayed in the lead, despite a 45-percent drop in net inflows to an estimated $9.025 billion in October (down from $16.476 billion in September). Other big October winners included: Fidelity, $6.929 billion in net inflows (up from $6.56 billion); Charles Schwab, $1.831 billion (up from $1.24 billion); BlackRock, $1.064 billion (down from $8.961 billion); and Lord Abbett, $977 million (down from $1.153 billion).

Proportionately among the biggest fund firms, Schwab took the lead last month with estimated net inflows equivalent to 0.92 percent of its AUM, up from 0.59 percent in September. Other big winners in October included: Hartford, 0.75 percent (up from 0.04 percent in net outflows); Lord Abbett, 0.74 percent (down from 0.86 percent); Fidelity, 0.46 percent (up from 0.41 percent); and DFA, 0.21 percent (negligible change).

On the flip side, SSgA fell to the back of the big fund firm pack, suffering an estimated $7.485 billion in net outflows last month, after coming in second in September with $10.315 billion in net inflows. Other big October sufferers included: Invesco, $4.339 billion (up from $962 million); Pimco, $2.626 billion (up from $545 million); Franklin Templeton, $2.626 billion (down from $2.731 billion); and T. Rowe Price, $2.012 billion (up from $1.944 billion).

Proportionately, among the biggest fund firms, Invesco let the outflows pack last month with estimated net outflows equivalent to 1.3 percent of its AUM, up from 0.27 percent in September. Other big October sufferers included: SSgA, 1.19 percent (down from 1.53 percent in net inflows); American Century, 1.16 percent (up from 0.39 percent); Pimco, 0.74 percent (up from 0.15 percent); and Franklin, 0.73 percent (down from 0.75 percent).

As a group, fund families with more than $100 billion in AUM each suffered a combined $5.885 billion in estimated net outflows last month, equivalent to about 0.04 percent of their combined AUM. That's down from $37.797 billion in estimated net inflows in September.

Across the whole industry, long-term open-end mutual funds and ETFs suffered a combined $29.184 billion in estimated net outflows in October, equivalent to 0.16 percent of industry AUM. That's down from $28.269 billion in net inflows in September. 

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: Q4Q3Q2Q1
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. WE Pacific NW - Year-End Holiday Social and Chapter Leadership Drive, December 5
  2. WE South - A Deep Dive Into the Offshore Ecosystem, December 6
  3. MFDF webinar - Unique Oversight Considerations For ETFs, December 6
  4. Stradley Ronon's Financial Services Regulatory Workshop, December 6
  5. MMI webinar - From an Idea to a Movement: Choosing Self-Confidence + Finding Our Strengths, December 7
  6. SEC Investor Advisory Committee Meeting, December 7
  7. MMI webinar - Make Your Money Work For You, December 12
  8. MFDF In Focus: Impacts of SCOTUS Affirmative Action Decision on Fund Boards and Industry Diversity Efforts, December 12
  9. P&I Best Places to Work In Money Management - The Future of Asset Management, December 12
  10. MFDF webinar - Investment Valuation and Governance: Deloitte's 21st Annual Fair Valuation Pricing Survey, December 13
  11. MFDF Director Discussion Series - Open Forum via Zoom, December 14
  12. MFDF 2024 Directors' Institute, January 22 - 24, 2024
  13. 2024 ICI Innovate, February 6 - 8, 2024
  14. The Advyzon Conference, February 20 - 22, 2024
  15. Raymond James 2024 Annual Shareholders Meeting, February 22, 2024
  16. MFDF 2024 Fund Governance & Regulatory Insights Conference, March 7 - 8, 2024
  17. Nicsa 2024 Strategic Leadership Forum, March 13 - 15, 2024
  18. 2024 MMI Summit, March 13 - 14, 2024
  19. Women In ETFs 10-Year Anniversary Celebration, March 14, 2024
  20. Wealth Management Edge 2024, May 13 - 16, 2024
  21. MFDF Conference of Fund Leaders Forum, June 5, 2024
  22. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20, 2024
  23. Morningstar Investment Conference Conference 2024, June 26 - 27, 2024
  24. 2024 MMI Annual Conference, October 15 - 17, 2024




©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