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

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

Rating:Passive Inflows Drive February Growth Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 12, 2019

Passive Inflows Drive February Growth

Reported by Neil Anderson, Managing Editor

The fund flows rebound continued last month, though the flows growth was concentrated on the passive side of the industry.

The information within this article draws from Morningstar Direct data on February 2019 mutual fund and ETF flows (excluding money market funds and funds of funds). This article focuses specifically on the 27 firms with more than $100 billion each in mutual fund and ETF AUM. 15 of those firms gained net inflows in February, while 12 suffered net outflows.

Vanguard kept the pole position for the second month in a row, leading the large fund firm pack with an estimated $20.548 billion in net February inflows, up from $19.688 billion in January. Other big February inflows winners included: Fidelity, $9.472 billion (up from $7.567 billion); BlackRock, $8.586 billion (up from $2.046 billion); Capital Group's American Funds, $3.273 billion (down from $4.651 billion); and DFA, $2.964 billion (down from $4.329 billion).

Proportionately, among the biggest fund firms, Lord Abbett took the lead thanks to estimated February net inflows equivalent to 1.28 percent of its AUM, up from 0.43 percent in January. Other big February inflows winners included: Schwab, 1.13 percent (down from 1.5 percent); Legg Mason, 0.89 percent (up from 0.69 percent); DFA, 0.71 percent (down from 1.07 percent); and Pimco, 0.65 percent (up from 0.34 percent).

On the flip side, February was a rough month for Dodge & Cox, which suffered an estimated $1.937 billion in net outflows, more than any other large fund firm and down from $621 million in net inflows in January. Other big February outflows sufferers included: John Hancock, $1.603 billion (up from $1.177 billion); OppenheimerFunds, $1.227 billion (up from $1.038 billion); Franklin Templeton, $1.204 billion (down from $1.831 billion); and Columbia Threadneedle, $622 million (down from $889 million).

Hancock led the large fund firm outflows pack proportionately last month, with estimated net February outflows equivalent to 1.24 percent of its AUM, up from 0.92 percent in January. Other big February outflows sufferers included: Dodge & Cox, 0.96 percent (down from 0.31 percent in net inflows); OpFunds, 0.65 percent (up from 0.56 percent); Axa, 0.46 percent (up from 0.4 percent); and Columbia Threadneedle, 0.43 percent (down from 0.63 percent)

As a group, the 27 firms with more than $100 billion each in mutual fund and ETF AUM brought in an estimated $49.779 billion in net inflows (accounting for about 93 percent of net industry inflows), equivalent to 0.33 percent of their combined AUM. That's up from $33.183 billion in January.

Across the entire industry (M* tracks flows for 782 fund firms), long-term mutual funds and ETFs brought in a combined $53.664 billion in estimated net February inflows, equivalent to 0.29 percent of their combined AUM (up from $38.941 billion in January). Passive funds brought in $42.184 billion in net February inflows, up from $27.216 billion in January, while active funds brought in an estimated $11.48 billion in combined net inflows, down slightly from $11.725 billion in January. 

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
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:
Raw XML
Add to My Yahoo!
follow us in feedly


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