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

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

Rating:An ETP Shop Won In October Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 27, 2019

An ETP Shop Won In October

Reported by Neil Anderson, Managing Editor

An exchange traded product (ETP) shop beat out small fund firms and ETF shops last month.

This article draws from Morningstar Direct data on October 2019 ETF and open-end mutual fund flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 154 firms (one fewer than in September) with between $1 billion and $10 billion each in fund AUM. 68 of those firms gained net inflows last month.

Digital Currency Group's Grayscale Investments (an ETP shop specializing in investments in digital currency, like bitcoin) led the small fund firm pack thanks to an estimated $211 million in net October inflows, up from $24 million in September. Other big October inflows winners included: PT Asset Management, $153 million (up from $99 million); City National Rochdale, $141 million (up from $73 million); Semper, $128 million (up from $61 million); and AlphaCentric, $125 million (down from $147 million).

Grayscale also led the small fund firm pack proportionately, bringing in estimated net October inflows equivalent to 8.31 percent of its AUM, up from 1.2 percent in September. Other big October inflows winners included: Semper, 4.75 percent (up from 2.36 percent); PTAM, 4.47 percent (up from 3.03 percent); AAM, 4.13 percent (down from 4.15 percent); and GQG, 3.55 percent (down from 3.54 percent).

On the flip side, October was a rough month for Independent Franchise Partners, which suffered an estimated $635 million in net outflows, more than any other small fund firm and down from $26 million in net September inflows. Other big October outflows sufferers included: Innovator, $489 million (down from $81 million in net inflows); Sterling Capital Funds, $437 million (down from $8 million in net inflows); IVA, $363 million (up from $186 million); and Robeco's Boston Partners, $349 million (up from $217 million).

Independent Franchise Partners also led the small fund firm outflows pack proportionately, with estimated net October outflows equivalent to 41.49 percent of its AUM, down from 1.22 percent in net September inflows. Other big October outflows sufferers included: Innovator, 18.71 percent (down from 4.28 percent in net inflows); PNC (whose mutual fund business has since been sold, as expected), 6.55 percent (up from 3.02 percent); Sterling, 6.35 percent (down from 0.1 percent in net inflows); and USCF, 5.15 percent (up from 1.35 percent).

As a group, the 154 small fund firms suffered an estimated $2.604 billion in combined net October outflows, equivalent to about 0.54 percent of their combined AUM. That's up from $1.27 billion and 0.25 percent of AUM in September.

Across the whole industry (M* tracks flows from 765 firms, down from 767 in September), long-term mutual funds and ETFs brought in $28.974 billion in net inflows in October, equivalent to 0.15 percent of industry AUM. That's down from $39.916 billion in net September inflows. Passive funds brought in $38.42 billion in net October inflows (down from $52.576 billion), while active funds suffered $9.446 billion in net outflows (down from $12.66 billion). 

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