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

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

Rating:A 44-Year-Old Boutique Wins in August Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 18, 2020

A 44-Year-Old Boutique Wins in August

Reported by Neil Anderson, Managing Editor

An employee-owned growth equity boutique takes the lead as the smallest fund firms' inflows slip.

Daniel "Dan" Forbes Dent
D.F. Dent and Company
Chairman, Founder, Portfolio Manager, Analyst
This article draws from Morningstar Direct data on August 2020 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 495 firms (down from 501 in July) with less than $1 billion each in long-term fund AUM. 215 of those firms gained net inflows in August (down from 222 in July), and 231 gained net year-to-date inflows by the end of August.

DF Dent Funds took the micro firm lead last month, thanks to an estimated $91 million in net August inflows, up from $16 million in July. Other big August inflows winners included: Toroso, $84 million (down from $103 million); Advisors Preferred, $80 million (up from $25 million); TrimTabs, $71 million (up from $3 million in net outflows); and EMQQ, $61 million (up from $53 million).

PartnerSelect was the only apparent newcomer to the business last month.

So far in 2020, Toroso leads the pack, thanks to an estimated $667 million in net inflows YTD as of August 31. Other big YTD inflows winners include: Axonic, $520 million; Rational, $362 million; Loberty Street, $337 million; and DF Dent, $311 million.

On the flip side, August was a rough month for Elements Funds, which suffered an estimated $172 million in net outflows, up from $6 million in July. Other big August outflows sufferers included: Liberty Street, $92 million (up from $50 million; Stralem, $60 million (up from $1 million); MainGate, $38 million (up from $31 million); and Aware, $35 million (up from $21 million).

So far this year, Elements also leads the pack with net YTD outflows of $1.407 billion as of August 31. Other big outflows sufferers so far in 2020 included: Schroder, $709 million; Chiron, $704 million; CRM, $478 million; and Highland, $283 million.

As a group, the 495 firms with less than $1 billion each in long-term fund AUM brought in an estimated $553 million in net August inflows, equivalent to 0.6 percent of their combined AUM and accounting for 1.34 percent of net industry inflows. That's down from $828 million in net inflows and0.87 percent of AUM.

Year-to-date, as of the end of August, micro fund firms suffered an estimated $1.896 billion in net outflows, equivalent to 2.04 percent of their combined AUM and accounting for 10.83 percent of net industry outflows YTD.

Across the entire industry, the 752 fund firms (down from 757 in July) tracked by the M* team brought in an estimated $41.403 billion in net August inflows, equivalent to 0.19 percent of their combined AUM (up from $41.339 billion but down from 0.2 percent in July). Active funds brought in an estimated $25.225 billion in net August inflows (up from $12.052 billion in July), while passive funds brought in an estimated $16.196 billion (down from $29.831 billion). YTD, the industry has suffered an estimated $17.515 billion in net outflows, equivalent to 0.08 percent of industry AUM. 

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: Q2Q1
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. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  2. IDC Virtual Roundtable: New Jersey and Pennsylvania - April 2021, April 15
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. The 31st Sub-Advised Funds Forum, Apr 20-21
  5. ETF.com Awards 2020, April 20
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  13. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  14. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  15. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  16. ICI 2021 General Membership Meeting - Day 1, May 6
  17. Emerging Manager Forum USA, May 12-14
  18. ICI 2021 General Membership Meeting - Day 2, May 13
  19. 2021 FINRA Annual Conference, May 18-20
  20. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  21. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  22. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  23. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  24. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  25. ICI 2021 Operations and Technology Conference, May 20
  26. MFDF webinar - Board Oversight of a Fund's Derivatives Risk Management and Fund Compliance With Rule 18f-4, May 24




©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