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

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

Rating:A 48-Year-Old Fund Firm Leads, Proportionately Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 21, 2022

A 48-Year-Old Fund Firm Leads, Proportionately

Reported by Neil Anderson, Managing Editor

A 48-year-old, focused growth shop took the lead last month proportionately as industry inflows rebounded a bit. Yet inflows per fund are still down 67 percent year-over-year.

Alan W. Breed
Edgewood Management LLC
President, PM
This article draws from Morningstar Direct data on February 2022 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.)

Edgewood took the lead last month, thanks to an estimated $174 million per fund in net February 2022 inflows, up month-over-month from $171 million in January 2022 and up Y/Y from $118 million per fund in net February 2021 outflows. Other big February 2022 inflows winners included: River Canyon, $167 million per fund (up M/M from $60 million, up Y/Y from $11 million); Edward Jones' Bridge Builder, $115 million per fund (up M/M from $89 million, down Y/Y from $187 million); Dodge & Cox, $84 million per fund (up M/M from $36 million, up Y/Y from $146 million in net outflows); and AGRA, $74 million per fund (up M/M from $12 million).

As of February 28, Edgewood also led the 2022 inflows pack, thanks to an estimated $345 million per fund in net 2022 inflows. Other big YTD inflows winners included: River Canyon, $227 million per fund; and Bridge Builder, $207 million per fund.

On the flip side, Primecap took the outflows lead last month, thanks to an estimated $106 million per fund in net February 2022 outflows, down M/M from $129 million per fund in January 2022 but Y/Y from $97 million per fund in February 2021. Other big February 2022 outflows sufferers included: Spyglass, $79 million per fund (down M/M from $33 million in net inflows, down Y/Y from $100 million in net inflows); Callahan Financial Services' Trust for Credit Unions, $42 million per fund (up M/M from $20 million, down Y/Y from $29 million per fund in net inflows); Akre, $42 million per fund (down M/M from $46 million, down Y/Y from $136 million); and Semper, $36 million per fund (up M/M from $10 million, down Y/Y from $4 million).

As of February 28, Primecap also led the 2022 outflows pack, thanks to an esetimated $235 million per fund in net 2022 outflows. Other big YTD outflows sufferers included: Independent Franchise Partners, $183 million per fund; and Akre, $88 million per fund.

The whole long-term, U.S. mutual fund and ETF industry brought in an estimated $1.141 million per fund in net inflows in February 2022. That's up M/M from $214,000 per fund in January 2022 but down Y/Y from $3.5 million per fund in February 2021.

As of February 28, the U.S. mutual fund and ETF industry had brought in $1.338 million per fund in net 2022 inflows YTD. 

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
2022: Q3Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use