Long-term fund flows slipped last month for a second month in a row, but they're still up 15 percent year-over-year.

Catherine "Cathie" Wood ARK Investment Management, LLC Founder, Chief Executive Officer

This article draws from Morningstar Direct data on open-end mutual fund and ETF flows, excluding money-market funds and funds of funds, from January 2021.

Ark kept the lead last month, thanks to an estimated $1.172 billion per fund in net January 2021 inflows, down slightly from $1.173 billion in December but up from $3 million back in January 2020. Other big January 2021 inflows winners included: Grayscale, $510 million per fund (down from $550 million in December but up YOY from $71 million); EMQQ, $140 million per fund (up from $108 million in December and up YOY from $30 million); River Canyon, $103 million per fund (up from $38 million in December and up YOY from $8 million); and Vanguard, $90 million per fund (up from $61 million in December but down YOY from $103 million).

On the flip side, Primecap kept the outflows lead last month, suffering an estimated $187 million per fund in net January 2021 outflows, down from $305 million in December and down YOY from $193 million back in January 2020. Other big January 2021 outflows sufferers included: Akre, $111 million per fund (down from $9 million per fund in net December inflows, and down YOY from $28 million in net inflows); Edgewood, $91 million per fund in net outflows (down from $206 million in December and down YOY from $217 million per fund in net inflows); IVA, $50 million per fund in net outflows (down from $53 million in December and down YOY from $22 million); and USCF, $38 million per fund (up from $12 million in December but down YOY from $34 million per fund in net inflows).

The whole long-term U.S. mutual fund and ETF industry (excluding money-market funds and funds of funds) brought in an estimated $2.307 million per fund in net January 2021 inflows. That's down from $2.329 million per fund in December 2020 but up from $2.006 million per fund back in January 20202. 

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