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

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

Rating:Large Firms' Inflows Rise 11-Fold Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 15, 2020

Large Firms' Inflows Rise 11-Fold

Reported by Neil Anderson, Managing Editor

The largest fund firms' inflows increased more than eleven-fold last month.

This article draws from Morningstar Direct data for November 2020 mutual fund and ETF flows, excluding money market funds and funds of funds. More specifically, this articles focuses on the 33 firms (up from 27 in October) with more than $100 billion each in long-term fund AUM. 21 of those firms had net November inflows, up from 14 in October.

BlackRock took the lead in November, thanks to estimated net inflows of $33.038 billion, up from $10.063 billion in October. Other big November inflows winners included: SSGA, $22.979 billion (up from $6.978 billion in net outflows); Vanguard, $19.486 billion (up from $12.822 billion); Fidelity, $12.361 billion (up from $2.985 billion); and J.P. Morgan (including Six Circles), $5.908 billion (up from $4.993 billion).

Proportionately, SSGA led the large fund firm pack last month, thanks to estimated net November inflows equivalent to 2.7 percent of its AUM, up from 0.9 percent in net October outflows. Other big November inflows winners included: First Trust, 2 percent (up from 0.9 percent); BlackRock, 1.5 percent (up from 0.5 percent); J.P. Morgan, 1.3 percent (up from 1.2 percent); and Eaton Vance (including Calvert), 1 percent (up from 0.6 percent).

BlackRock also took the lead year-to-date, thanks to an estimated $123.186 billion in net inflows, as of the end of November. Other big YTD inflows winners included: Vanguard, $115.417 billion; JPM, $40.688 billion; SSGA, $34.458 billion; and PGIM, $20.005 billion.

On the flip side, November was a rough month with DFA, which suffered an estimated $1.863 billion in net outflows, more than any other fund firm but down from $3.568 billion in October. Other big November outflows sufferers included: Dodge & Cox, $1.703 billion (up from $1.652 billion); T. Rowe Price, $1.701 billion (down from $3.219 billion); Capital Group's American Funds, $1.288 billion (down from $2.677 billion); and Franklin Templeton, $1.148 billion (down from $2.707 billion).

Proportionately, Dodge & Cox led the large pack last month with estimated net outflows equivalent to 0.8 percent of its AUM, down from 0.9 percent in October. Other big November outflows sufferers included: SEI, 0.5 percent (up from 0.3 percent); Victory Capital, 0.5 percent (negligible change from last year; DFA, 0.4 percent (down from 0.09 percent); and Principal, 0.3 percent (down from 0.6 percent).

YTD as of the end of November, DFA still leads the outflows pack, thanks to an estimated $32.459 billion in net outflows. Other big November outflows sufferers included: T. Rowe, $30.956 billion; Capital Group, $28.208 billion; Franklin, $24.015 billion; and Invesco, $23.312 billion.

As a group, the 33 large fund firms brought in an estimated $104.267 billion in net November inflows, equivalent to 0.5 percent of their combined AUM and accounting for 93.07 percent of net industry inflows. (That's up from $9.41 billion in October.) Year-to-date, they've brought in an estimated $201.333 billion in net inflows.

Across the entire industry, the 747 fund firms (down from 756 in October) tracked by the M* team brought in an estimated $112.028 billion in net November inflows, up from $15.64 billion in October. Active fund firms brought in an estimated $16.857 billion in net November inflows, while passive funds brought in $95.171 billion in net inflows. YTD, long-term funds and ETFs have brought in an estimated $128.103 billion in net inflows. 

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
2024: Q4Q3Q2Q1
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. IDC Foundations for Fund Directors, Dec 4-5
  2. WE Boston - Women's Initiative Joint Holiday Networking Reception, December 4
  3. WE South - Wine Wednesday Holiday Celebration, December 4
  4. Nicsa webinar - Post-Election Insights: Impact on Global Policies, Markets, and Regulations, December 4
  5. WE Denver - 2024 Annual Holiday Party, December 5
  6. WE Washington D.C. - 2024 Holiday Dinner Event, December 5
  7. MFDF webinar - BDC Board Service 101, December 10
  8. MFDF webinar - ETF Product Trends: Board Implications, December 11
  9. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  10. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  11. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  12. MFDF webinar - AI and Fund Compliance, January 21, 2025
  13. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  14. FSI OneVoice 2025, January 27 - 29, 2025
  15. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  16. 2025 ICI Innovate, February 3 - 5, 2025
  17. MFDF Director Discussion Series - Open Forum, February 10, 2025
  18. MFDF Director Discussion Series - Open Forum, February 11, 2025
  19. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  20. MFDF Director Discussion Series - Open Forum, April 2, 2025
  21. MFDF Director Discussion Series - Open Forum, April 15, 2025
  22. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  23. Morningstar Investment Conference 2025, June 25 - 26, 2025
  24. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use