A focused large cap growth shop won the flows race last month, pound for pound.
| Alan W. Breed|
Edgewood Management LLC
This article draws from Morningstar Direct
data on open-end mutual fund and ETF flows, excluding money market funds and funds of funds, from April 2020.
took the lead last month, with estimated net April inflows of $381 million per fund. Other big April winners included: USCF
, $187 million per fund; Axonic
, $185 million per fund; TransWestern Funds
, $166 million per fund; and Akre
, $127 million per fund.
On the flip side, last month was another rough one for Primecap
, which suffered an estimated $426 million per fund in net April outflows. Other big April outflows sufferers included: Dodge & Cox
, $260 million per fund; BMT
, $188 million per fund; Blackstone
, $125 million per fund; and Edward Jones' Bridge Builder
, $93 million per fund.
The whole mutual fund and ETF industry, excluding money market funds and funds of funds, brought in an estimated $315,000 per fund in net inflows in April.
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