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

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

Rating:A Global Equity Shop Leads Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 17, 2019

A Global Equity Shop Leads

Reported by Neil Anderson, Managing Editor

A Natixis-backed global equity shop took the lead last month among small fund firms.

Paul Russell Black
WCM Investment Management
This article draws from Morningstar Direct data on May 2019 ETF and open-end mutual fund flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 160 firms (one more than in April) with between $1 billion and $10 billion each in fund AUM. 79 of those firms gained net inflows last month.

WCM Investment Management brought in an estimated $377 million in net May inflows, more than any other small fund firm and up from $113 million in April. Other big May winners included: RBC GAM, $226 million (up from $42 million); Payden, $211 million (up from $150 million); 361 Capital, $194 million (up from $23 million in net outflows); and Mercer, $174 million (up from $37 million).

Proportionately, 361 led the small fund firm pack, bringing in estimated May net inflows equivalent to 16.56 percent of its AUM, up from 2.24 percent in net April outflows. Other big May winners included: Innovator, 11.5 percent (down from 18.03 percent); RBC GAM, 8.75 percent (up from 1.71 percent); Fiera, 7.33 percent (up from 0.69 percent); and WCM, 4.69 percent (up from 1.46 percent).

On the flip side, May was a rough month for First Investors, which suffered an estimated $441 million in net outflows, more than any other small fund firm and up from $70 million in April. Other big May sufferers included: Robeco's Boston Partners, $315 million (up from $305 million); Tweedy Browne, $313 million (up from $97 million); Milleis Investissements Funds, $280 million (down from $180 million in net inflows); and Westwood, $267 million (up from $157 million).

Proportionately, KraneShares led the small fund firm outflows pack last month, with estimated net May outflows equivalent to 11.84 percent of its AUM, up from 0.67 percent in April. Other big May sufferers included: Segall Bryant & Hamill, 11.17 percent (down from 0.59 percent in net inflows); Chartwell, 10.2 percent (up from 5.99 percent); Highland, 9.78 percent (up from 3.22 percent); and Westwood, 9.78 percent (up from 5.09 percent).

As a group, the 160 small fund firms suffered an estimated $191 million in net May outflows, equivalent to about 0.04 percent of their combined AUM and accounting for 10.36 percent of net industry flows. That's down from $1.955 billion in net April inflows (which accounted for 1.31 percent of net industry flows).

Across the whole industry (M* tracks flows from 778 firms), long-term mutual funds and ETFs suffered a combined $1.843 billion in estimated net outflows in May, equivalent to 0.01 percent of industry AUM. That's down from $51.004 billion in net April inflows. Passive funds brought in $96 million in net May inflows, while active funds suffered $1.939 billion in net outflows. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

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:
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