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

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

Rating:A Tactical Startup Launches and Leads Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 18, 2019

A Tactical Startup Launches and Leads

Reported by Neil Anderson, Managing Editor

An RIA's new mutual fund shop took the lead among the smallest fund firms last month.

This article draws from Morningstar Direct data on June 2019 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 514 firms (one fewer than in May) with less than $1 billion in fund AUM each. 211 of those firms gained net inflows last month.

Newcomer Tactical Fund Advisors (sibling to Horter Investment Management) took the lead last month in the sub-$1-billion-AUM pack, bringing in an estimated $111 million in net June inflows. Other big June winners included: Trust for Credit Unions, $105 million (up from $35 million in May): Transamerica sibling Aegon Asset Management US, $65 million; Liberty Street, $34 million (up from $26 million); and Infinity Q, $31 million (down from $32 million).

Proportionately, setting aside brand new fund families, Metaurus led the micro fund firm pack with estimated net June inflows equivalent to 60.43 percent of its AUM, up from 0.01 percent in May. Other big June winners included: AFAM's Innealta, 49.6 percent (up from 19.65 percent); Roundhill Financial, 48.99 percent; Equable Shares, 38.22 percent (up from 0.51 percent); and Procure, 30.6 percent (down from 62.17 percent).

June's apparent newcomers included Aegon Asset Management US and Tactical Fund Advisors.

On the flip side, June was a rough month for Muzinich, which suffered an estimated $71 million in net outflows, more than any other sub-$1-billion-AUM fund firm and down from $6 million in net May inflows. Other big June sufferers included: Power Mutual Funds, $68 million (up from $27 million); Balter, $62 million (up from $36 million); Rational Advisors' Strategy Shares, $61 million (up from $9 million); and Gerstein Fisher, $36 million (up from $10 million).

Proportionately, Primary Trend suffered the most last month, with estimated net June outflows equivalent to 155.01 percent of its AUM (i.e. its outflows dwarfed the AUM it had left over after those outflows), up from 0.31 percent in May. Other big June sufferers included: Alambic, 86.99 percent (up from 0.09 percent); Cushing ETFs, 84.65 percent (up from 14.85 percent); Chou America 53.28 percent (up from 2.08 percent); and Torray Resolute, 34.46 percent (up from 0.49 percent).

As a group, the 514 fund firms with less than $1 billion each in fund AUM suffered $198 million in net June outflows, equivalent to about 0.22 percent of their combined AUM. That's up from $121 million in net May outflows.

Across the whole industry (M* tracks flows from 778 firms), long-term mutual funds and ETFs brought in a combined $46.25 billion in estimated net inflows in June, equivalent to about 0.24 percent of industry AUM. That's up from $1.843 billion in net May outflows. Passive funds brought in $68.599 billion in net June inflows, while active funds suffered $22.349 billion in net outflows. 

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: Q1
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. IDC Foundations for Fund Directors, Mar 1-2
  2. MFDF webinar - Board Oversight of ETFs, March 3
  3. FinReg Outlook 2021, March 10
  4. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  5. Irish Funds North American Digital Seminar, March 11
  6. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  7. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  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