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Rating:An FI Boutique Leads As Its Inflows Rise 18-Fold Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 27, 2021

An FI Boutique Leads As Its Inflows Rise 18-Fold

Reported by Neil Anderson, Managing Editor

A fixed income boutique took the lead proportionately last month, thanks to nearly 18-fold increase in its inflows, pound-for-pound.

This article draws from Morningstar Direct data on August 2021 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. (Other asset management products, like CITs and SMAs, are also not included.)

Canyon Partners' River Canyon took the lead last month, thanks to an estimated $228 million per fund in net August 2021 inflows, up month-over-month from $13 million per fund in July 2021 and up year-over-year from $10 million per fund in August 2020. Other big August 2021 inflows winners included: Edgewood, $88 million per fund (down M/M from $179 million per fund, up Y/Y from $2 million per fund); Spyglass Capital Management, $87 million per fund (up M/M from $62 million per fund, up Y/Y from $62 million per fund); KraneShares, $66 million per fund (up M/M from $59 million per fund, up Y/Y from negligible net outflows); and Vanguard, $57 million per fund (down M/M from $87 million per fund, up Y/Y from $18 million per fund).

Ark still leads the pack proportionately year-to-date, thanks to an estimated $1.676 billion per fund in net inflows. Other big YTD inflows winners as of August 31, 2021, include: Edward Jones' Bridge Builder, $1.288 billion per fund; and Spyglass, $710 million per fund.

Ark also led the pack proportionately for the 12-month period ending August 31, 2021, thanks to an estimated $3.449 billion per fund in net inflows. Other big inflows winners include: Bridge Builder, $1.974 billion per fund; and Grayscale, $1.248 billion.

Yet Ark also kept the outflows lead last month, suffering an estimated $151 million per fund in net August 2021 outflows, down M/M from $196 million per fund in July 2021 and down Y/Y from $284 million per fund in net inflows in August 2020. Other big August 2021 outflows sufferers included: FPA, $73 million per fund (down M/M from $6 million per fund in net inflows, up Y/Y from $3 million pr fund; Jensen, $72 million per fund (up M/M from $15 million per fund, up Y/Y from $7 million per fund); Bramshill Investments, $54 million per fund (down M/M from $22 million per fund in net inflows, down Y/Y from $4 million per fund in net inflows); and Primecap, $45 million per fund (up M/M from negligible net outflows, down Y/Y from $232 million per fund in net outflows).

The whole long-term U.S. mutual fund and ETF industry brought in an estimated $2.33 million per fund in net inflows. That's up M/M from $1.704 million per fund and up Y/Y from $1 million per fund.

YTD, as of August 31, 2021, long-term funds brought in an estimated $21.332 million per fund in net inflows. And in the 12-month period ending August 31, 2021, they brought in an estimated $27.404 million per fund. 

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