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. 

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