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

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

Rating:One Titan's Passive Inflows Double Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 15, 2019

One Titan's Passive Inflows Double

Reported by Neil Anderson, Managing Editor

A mutual fund titan's passive inflows doubled last month, even as other big passive players' inflows slipped.

This article draws from Morningstar Direct data on October 2019 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds.

On the active side of the business, Nationwide took the lead last month, with estimated net October active inflows of $2.195 billion, up from $62 million in net September outflows. Other big October winners on the active side included: PGIM, $2.012 billion (up from $1.583 billion); Lord Abbett, $1.909 billion (down from $1.991 billion); Edward Jones' Bridge Builder, $1.596 billion (up from $317 million); and MFS, $1.363 billion (up from $1.349 billion).

On the passive side of the business, BlackRock kept the lead last month, with estimated net October passive inflows of $13.687 billion, down from $16.987 billion in September. Other big October winners on the passive side included: Fidelity, $11.135 billion (up from $5.655 billion); Vanguard, $10.082 billion (down from $14.064 billion); Schwab, $1.162 billion (down from $1.394 billion); and TIAA's Nuveen, $965 million (up from $626 million).

On the flip side, October was a rough month for Invesco, whose active funds suffered an estimated $3.531 billion in net outflows, more than any other active fund firm and up from $2.976 billion in September. Other big October sufferers on the active side included: Fidelity, $3.457 billion (down from $292 million in net inflows); Franklin Templeton, $1.617 billion (down from $2.082 billion); J.P. Morgan, $1.573 billion (down from $131 million in net inflows); and Harbor, $1.459 billion (up from $461 million).

SSgA suffered an estimated $950 million in net passive outflows in October, more than any other passive fund family and down from $11.185 billion in net September passive inflows. Other big October sufferers on the passive side included: Rafferty's Direxion, $401 million (down from $90 million in net inflows); Principal, $222 million (down from $22 million in net inflows); Ameriprise's Columbia Threadneedle, $191 million (up from $182 million); and Voya, $150 million (up from $45 million).

Industrywide, 709 active fund families (one fewer than in September) suffered an estimated $9.446 billion in combined net outflows in October, down from $12.66 billion in September. 306 of those 709 fund families gained net active inflows in October.

146 passive fund families (the same as in September) brought in an estimated $38.42 billion in combined net October passive inflows, down from $52.576 billion in September. 65 of those 146 families gained net passive inflows in October. 

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
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




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use